20 Sep 2018 07:00
20th September 2018
LEI: 213800JLR6YIRMSCUS98
Air Partner plc
NOTICE OF RESULTS
Air Partner plc ('Air Partner' or 'Group'), the global aviation services group, will announce its interim results for the six months ended 31 July 2018 on Thursday 25 October 2018, rather than on Thursday 27 September 2018 as previously announced.
The Board has determined that a postponement is appropriate to complete the thorough review of our interim process. The postponement is not related to day-to-day operations or trading. The Board refers shareholders to the Trading Update on 24 August 2018, which stated that the first half of the financial year has traded well with underlying pre-tax profit in line with the Board's expectations and the prior half-year period.
The Group retains a strong net cash position and we will be declaring an interim dividend.
Mark Briffa, CEO of Air Partner, commented: "Due to the changes we are implementing, particularly in systems and personnel, we have chosen to delay the announcement of our interim results by 4 weeks to enable us to progress and complete the remaining tasks. This extra time has no operational or customer impact whatsoever and will both provide firm foundations for our long-term future and enable a swift clean handover from Deloitte to our new auditors ahead of year end. The recent Trading Update provides all stakeholders with detailed insight on our positive current trading performance and I very much look forward to updating the market at the end of October and meeting shareholders with our new CFO Joanne Estell who joined on 10th September."
ENDS
Enquiries:
Air Partner | 01293 844788 |
Mark Briffa, CEO |
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Joanne Estell, CFO Kate Patrick, Investor Relations |
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TB Cardew (Financial PR advisor) | 020 7930 0777 |
Tom Allison | 07789 998 020 |
Alycia MacAskill Lucy Featherstone | 07876 222 703 07789 374 663 |
About Air Partner:
Founded in 1961, Air Partner is a global aviation services group that provides worldwide solutions to industry, commerce, governments and private individuals. The Group has two divisions: Charter division, comprising air charter broking and remarketing; and the Consulting & Training division, comprising the aviation safety consultancies, Baines Simmons, Clockwork Research and SafeSkys, as well as Air Partner's Emergency Planning Division. For reporting purposes, the Group is structured into four divisions: Commercial Jets, Private Jets, Freight (Charter) and Consulting & Training (Baines Simmons, Clockwork Research, SafeSkys and Air Partner's Emergency Planning Division). The Commercial Jet division charters large airliners to move groups of any size. Air Partner Remarketing, which is within the Commercial Jet division, provides comprehensive remarketing programmes for all types of commercial and corporate aircraft to a wide range of international clients. Private Jets offers the Company's unique pre-paid JetCard scheme and on-demand charter. Freight charters aircraft of every size to fly almost any cargo anywhere, at any time. Baines Simmons is a world leader in aviation safety consulting specialising in aviation regulation, compliance and safety management. Clockwork Research is a leading fatigue risk management consultancy. SafeSkys is a leading Environmental and Air Traffic Control services provider to UK and International airports. Air Partner is headquartered alongside Gatwick airport in the UK. Air Partner operates 24/7 year-round and has 20 offices globally. Air Partner is listed on the London Stock Exchange (AIR) and is ISO 9001:2015 compliant for commercial airline and private jet solutions worldwide. www.airpartner.com