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23 May 2008 07:00
Air Partner PLC
("Air Partner" or "the Group")
Interim Management Statement
("IMS")
Air Partner, a leading provider of private aviation services to industry, commerce, governments and private individuals worldwide, today releases its second interim management statement for the year ending 31 July 2008.
There have been no material events or transactions affecting the financial position, performance or prospects of the Group in the period since the publication of half year results on 31st March 2008. Accordingly, the Group's cash generation is strong and the debt position in line with expectations.
Air Partner's 23 offices in 15 countries, (spanning Europe, North America, the Middle East and Asia) provide significant diversification and continue to support the Group's aim to reduce the impact of economic fluctuations on revenues. The board is pleased to report that the Group is trading in line with market expectations, and forward orders are currently 41% ahead of the comparative period in 2007. The directors remain confident in Air Partner's prospects for the financial year ending 31 July 2008.
23rd May 2008
ENQUIRIES:
Temple Bar Advisory Tel: 0207 002 1080
Tom Allison Tel: 0778 999 8020
Notes to editors: please ensure "Air Partner" is written in its correct singular form, not in the plural.
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