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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Advent Air | LSE:AAIR | London | Ordinary Share | SG9999002018 | ORD SGD0.20 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 16.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Advent Air Limited 08 August 2007 8 AUGUST 2007 ADVENT AIR LTD ("Advent Air" or the "Company") SKYWEST AIRLINES UPDATE The Board of Advent Air, which owns and operates Australian based Skywest Airlines Pty Ltd ("Skywest"), is pleased to announce an update today on Skywest's intentions to expand its existing fleet, the launch of a new route between Kalgoorlie and Melbourne and expansion plans for the airline. Fleet Expansion Skywest Airlines has signed a letter of intent to lease a further two Fokker 100 jets adding to the Company's existing Perth-based fleet of ten jet and propjet aircraft to increase the total fleet to 12 aircraft. Lease agreements for these two aircraft have yet to be signed. The delivery program is still being worked through with the first of the two aircraft expected to enter service in late September followed by the second in November. A sixth jet is on the agenda for early 2008. Jeff Chatfield, Chairman of Advent Air commented: "Once a delivery date has been confirmed and the lease agreements are signed, the airline will be in the position to announce increased services and additional routes. This announcement is great news for the Western Australia market and the leasing of these additional aircraft will facilitate exciting growth for Skywest Airlines" New Route Skywest Airlines will be launching three flights a week between Kalgoorlie and Melbourne in October in a move that taps into the lucrative resources market. The introduction of the Kalgoorlie-Melbourne route will be the first time the Goldfields city has been linked to Victoria and will mark the first direct flight between Kalgoorlie and the Eastern States since Qantas dropped its Kalgoorlie-Adelaide flights in May 2003. Mr Chatfield, commented: "The mining industry has a need to source people from Melbourne because quite frankly they are finding it hard to get people in Western Australia, they're almost out of that resource." "Kalgoorlie only had a direct flight service to Perth. Whilst the Kalgoorlie-Melbourne service is obviously focused on helping the mining community fly-in fly-out, it also gives the local community a lot of access to Melbourne for the sporting and cultural events and it also has linkages to New Zealand as well." Expansion Plans In line with expansion plans, Skywest started services to Port Hedland in early July amid plans to launch a Karratha-Perth route and ramp up services to Exmouth, Broome and Darwin later this year. Mr Chatfield said the proposed Broome-Singapore route remained on the drawing board as "Broome did not have sufficient facilities to handle international services". --ENDS-- Enquiries: Advent Air Ltd 07783 942 553 Jeff Chatfield, Chairman Nominated Advisor 0207 220 1666 James Joyce/David Porter, W H Ireland Limited Stockbroker W H Ireland Limited 0207 220 1690 Philip Haydn-Slater Financial Public Relations Bishopsgate Communications 0207 562 3350 Maxine Barnes Nick Rome Websites: www.advent.com.sg www.skywest.com.au This information is provided by RNS The company news service from the London Stock Exchange END NRAUBOBRBURWRAR
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