Air Partner PLC Trading Statement (8103V)

TIDMAIR

RNS Number : 8103V

Air Partner PLC

02 February 2017

2 February 2017

Air Partner plc

TRADING STATEMENT

Air Partner, the global aviation services group, is today releasing a Trading Statement following its financial year end.

Trading in the second half of its financial year ended 31 January 2017 has remained in line with expectations.

The acquisition of Clockwork Research Limited, a leading fatigue risk management consultancy, announced on 13 December 2016, has been well received by clients and the integration is progressing well. The Group continues to assess investment opportunities, both organic and acquisitions, in line with its stated strategic objective to become a world class global aviation services group.

A detailed update on business performance will be provided with the full year results which are expected to be released on 27 April 2017.

After 12 years as a Non-Executive Director and 5 years as Non-Executive Chairman, Richard Everitt has informed the Board that he does not intend to stand for re-election at the Company's AGM in June 2017. Richard was appointed as Chairman of the Dover Harbour Board on 1 July 2016. A selection process is underway for the appointment of a new Non-Executive Chairman and an appointment announcement will be made in due course.

Ends

 
 Enquiries: 
                                   01293 844 
 Air Partner                             788 
 Mark Briffa, CEO 
 Neil Morris, CFO 
 
 Temple Bar Advisory (Financial     020 7002 
  PR advisor)                           1080 
                                   07789 998 
 Tom Allison                             020 
                                   07876 222 
 Alycia MacAskill                        703 
 

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 : the Broking division, comprising air charter broking and remarketing through the Air Partner and Cabot Aviation brands respectively, and the Consulting & Training division, comprising the aviation safety consultancies, Baines Simmons and Clockwork Research. For reporting purposes, the Group is structured into four divisions: Commercial Jets, Private Jets, Freight (Broking) and Consulting & Training (Baines Simmons and Clockwork Research). The Commercial Jet division charters large airliners to move groups of any size and includes Cabot Aviation which 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. 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 9001:2008 compliant for commercial airline and private jet solutions worldwide. www.airpartner.com

This information is provided by RNS

The company news service from the London Stock Exchange

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February 02, 2017 02:00 ET (07:00 GMT)