AIR.L Regulatory News (AIR)

1.

Name of the issuer

Air Partner plc

2.

State whether the notification relates to (i) a

transaction notified in accordance with DTR 3.1.2 R,

(ii) a disclosure made in accordance

LR 9.8.6R(1) or

(iii) a disclosure made in accordance with section 793 of the Companies Act (2006).

Disclosure in accordance with DTR 3.1.2R

3.

Name of person discharging managerial

responsibilities/director

Mark Briffa - CEO

Gavin Charles - CFO

4.

State whether notification relates to a person

connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

5.

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial

interest 1

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

7.

Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

8.

State the nature of the transaction

9.

Number of shares, debentures or financial

instruments relating to shares acquired

10.

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

11.

Number of shares, debentures or financial

instruments relating to shares disposed

12.

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

13.

Price per share or value of transaction

14.

Date and place of transaction

15.

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

16.

Date issuer informed of transaction

17.

Date of grant

20 April 2012

18.

Period during which or date on which exercisable

20 April 2015-20 April 2022

19.

Total amount paid (if any) for grant of the option

Nil

20.

Description of shares or debentures involved (class and number)

Mark Briffa -options over 75,000 ordinary shares of 5p each

Gavin Charles - options over 35,000 ordinary shares of 5p each

21.

Exercise price (if fixed at time of grant) or

indication that price is to be fixed at the time of exercise

277.5 p per share

22.

Total number of shares or debentures over which options held following notification

Mark Briffa: 240,000 ordinary shares of 5p each under option (exercise prices range from 277.5p to 884.0p per share)

Gavin Charles: 75,000 ordinary shares of 5p each under option (exercise prices range from 277.5p to 392.5p per share)

23.

Any additional information

24.

Name of contact and telephone number for queries

Vesting of options is subject to continuing service and performance criteria.

Helen Perkins - Air Partner plc

01293 844786

Temple Bar Advisory

020 7002 1080

Name of authorised official of issuer responsible for making notification:

Helen Perkins, Company Secretary, Air Partner plc

Date of notification:

20 April 2012

(1)

An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2)

An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3)

An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4)

An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.