4 Dec 2014 07:00
AIR PARTNER PLC
INTERIM MANAGEMENT STATEMENT
Group continues to make good progress against full year profit target
Air Partner plc ("Air Partner" or the "Group"), a leading provider of private aviation services to industry, commerce, governments and private individuals worldwide is pleased to issue its interim management statement in respect of the period 1 August 2014 to 3 December 2014 (the "Period").
The Board remains confident in achieving its expectations of the Group's performance for the year ending 31 January 2015. Trading in both the Commercial Jet and Private Jet divisions continue to perform in line with expectations. During the period, the Commercial Jet division undertook a number of large projects including a programme of car launches with a major European manufacturer involving the movement of over 20,000 passengers to various press launches. The smaller Freight division has performed ahead of expectations and significantly ahead of the comparable period last year due to work arising from assisting aid agencies in West Africa.
The Group continues to benefit from a strong balance sheet with a healthy cash position and no debt.
A further update will be provided before the Group enters its close period on 31 January 2015.
Ends
Enquiries:
Air Partner 01293 844788
Mark Briffa, CEO
Neil Morris, CFO
Temple Bar Advisory (Financial PR advisor) 020 7002 1080
Tom Allison (07789 998020)
Ed Orlebar
About Air Partner:
Air Partner is an international provider of aviation services to industry, commerce, governments and individuals worldwide. The company has earned global recognition as a leading aircraft charter broker and organises ad hoc charters of aircraft of every size for any reason. Its three main divisions, supported by a host of support teams, comprise Air Partner Private Jet Broking, Air Partner Commercial Jet Broking and Air Partner Freight Broking. Private Jet Broking offers ad-hoc charter and the company's unique pre-paid JetCard scheme. The Commercial Jet Broking division charters large airliners with 20 to 500 seats for groups of every size. Air Partner Freight Broking charters aircraft of every size to fly any cargo anywhere, at any time. With its headquarters in the UK, the Group was formed in 1961 and is fully listed on the London Stock Exchange. www.airpartner.com
Cautionary statement regarding forward-looking statements
This document may contain forward-looking statements which are made in good faith and are based on current expectations or beliefs, as well as assumptions about future events. You can sometimes, but not always, identify these statements by the use of a date in the future or such words as "will", "anticipate", "estimate", "expect", "project", "intend", "plan", "should", "may", "assume" and other similar words. By their nature, forward-looking statements are inherently predictive and speculative and involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to factors that could cause our actual results to differ materially from those expressed or implied by these statements. The Company undertakes no obligation to update any forward-looking statements contained in this document, whether as a result of new information, future events or otherwise.