6 Dec 2013 07:00
6 December 2013
Air Partner plc
INTERIM MANAGEMENT STATEMENT
GROUP CONTINUES TO MAKE GOOD PROGRESS
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 from 31 July 2013 to 6 December 2013 (the "Period").
Group trading during the period has been encouraging; the Group continues to trade profitably and remains debt free with a strong net cash position.
The Commercial Jet and Private Jet divisions continued to trade in line with our expectations during the Period. Growth in Commercial Jets has been driven by the UK and Continental Europe. Private Jet growth has come predominantly from the UK and US. The launch of the Performance Card, Air Partner's new corporate JetCard has also been well received. The Freight division has performed significantly ahead of the comparative Period. The division experienced a very busy period, assisting aid agencies across the world as they responded to the recent tragic events in the Philippines following Typhoon Haiyan. While it is pleasing to see an improved Freight performance, this is off a low base and is not currently expected to impact the Group's profit expectations for the period ending 31 January 2014.
Overall, the Group's profit expectations for the 6 month period to 31 January 2014 remain unchanged.
A further update will be provided before the Group enters its close period on 31 January 2014.
Enquiries:
Air Partner 01293 844788
Mark Briffa, CEO
Gavin Charles, CFO
Temple Bar Advisory (Financial PR advisor) 020 7002 1080
Tom Allison (07789 998020)
Joanna Crawford
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 listed on the Premium segment of the London Stock Exchange. Air Partner's expertise at providing unsurpassed private flying experiences at the best price is recognised by the honour that it is the only company in the aviation industry to hold a Royal Warrant, as Supplier of Aircraft Charter to Her Majesty Queen Elizabeth II, a globally recognised mark of excellence. Air Partner is also the only air charter broker in the UK certified ISO 9001:2008 compliant. www.airpartner.com