Air Partner Share Discussion Threads

[trident5] 13/12/2016 18:12

If they're paying cash it only has to generate a profit to be earnings enhancing - bit of a meaningless statement.

[masurenguy] 13/12/2016 10:46

Due to its size the price paid will be relatively insignificant and I assume that there will be some deferred consideration or contingency payment on contribution over the next 2 or 3 years. Clockwork Research specialise in fatigue risk management for aircrew, which is a big growth area due of changes in airline regulation so both the synergy and the growth potential is significant.

[iasike] 13/12/2016 09:30

Looks a good add on, but no indication of price paid, or the terms of employment for the two founders of Clockwork Research, but expected to be earnings enhancing in first year. Would assume this will also help to iron out fluctuations in Air Partners Revenue streams, even if only to a small extent, but every little helps.

[masurenguy] 13/12/2016 07:55

Another synergetic acquisition.

RNS Number : 6267R
Air Partner PLC
13 December 2016

Acquisition of Clockwork Research Limited

Air Partner plc, the global aviation services group, is pleased to announce the acquisition of Clockwork Research Limited ("Clockwork Research"), a leading Fatigue Risk Management consultancy (the "Acquisition"). The Acquisition is being funded from Air Partner's existing cash resources and is expected to be earnings enhancing in its first full year of ownership. In its unaudited results for the year-ended 30 June 2016, Clockwork Research reported revenue of £707,000. The Acquisition is aligned to Air Partner's strategic plan and Clockwork Research will become part of the group's Consulting & Training division alongside Baines Simmons.

Clockwork Research was founded in 2005 by Paul Jackson PhD MSc BSc and Alexandra Holmes PhD BSc Hons and has grown to become a recognised leader in the specialist area of Fatigue Risk Management Systems, combining a scientific understanding of the impact of human fatigue on safety-critical operating environments with extensive industry experience and an appreciation of commercial realities. Clockwork Research delivers innovative and effective Fatigue Risk Management solutions for clients across various sectors of the aviation industry, including commercial air transport, business jets, cargo operations, air medical and search and rescue services, as well as regulatory authorities. In addition to projects in the aviation sector, over the last 11 years Clockwork Research has expanded its project activities into other safety-critical operating environments such as the Oil & Gas and Mining sectors.

Clockwork Research customers include Aer Lingus, Air Astana, Air France, BA CityFlyer, BP, Cathay Pacific, Civil Aviation Authority, CHC, easyJet, Flybe, Jet2.com, Newmont Mining, Norwegian Air Ambulance, Norwegian Airways, Qatar Airways, REGA, Repsol Sinopec, Shell, Southwest Airlines, TAP Portugal, Titan Airways, TNT, Trans-Maldivian Airways, Virgin Atlantic, and Wizz Air, plus other corporate and commercial entities, regulatory bodies and government organisations across various sectors.

[speedsgh] 29/11/2016 14:38

Cabot Aviation appointed by Turkish Airlines to remarket eight Airbus A330-200s -

[speedsgh] 24/11/2016 10:17

Fantastic Share Radio interview with Air Partner CEO Mark Briffa & FT columnist/ISA millionnaire Lord Lee who first bought Air Partner shares back in 1999. CEO gives his view on the potential threat from the uberization of the Private Jet sector (12m35s) which he believes would be difficult to replicate in the aviation space.

My Portfolio with Lord Lee: Mark Briffa of Air Partner -

[speedsgh] 18/11/2016 09:52

Cabot Aviation announces placement of Embraer 170 aircraft with Austrian operator People’s Viennaline on behalf of AerFin -

[speedsgh] 17/11/2016 13:39

Air Partner’s Predictions for the Private Aviation Market -

[lbo] 16/11/2016 14:21

https://www.bloomberg.com/news/articles/2016-10-28/rise-of-private-jet-ride-sharing-crimps-orders-for-new-airplanes

[mundungus] 11/10/2016 09:23

CITY AM paper today 11 Oct 16. Magnus Aviation a private jet charter business has seen increase in bookings due to increased security concerns.

[speedsgh] 04/10/2016 10:43

A busy summer of flying is music to Air Partner’s ears -

[2acorn] 29/9/2016 10:16

Spread on this is ridiculous

[speedsgh] 29/9/2016 08:30

The rise in the share price is only really a bonus if you are selling... and the initial spike this morning now appears to be being sold into. Will be interesting to see how it goes once the dust has settled.

[valhamos] 29/9/2016 08:21

Some impressive performances in these figures such as Private Jets profit up 56% with JetCard utilisation up 25%.

[masurenguy] 29/9/2016 08:13

An 11% rise on the open - sometimes the illiquidity here can be seen as a bonus ! :-)

[masurenguy] 29/9/2016 07:59

Great set of interim results with an increased dividend the cherry on the cake !

[speedsgh] 29/9/2016 07:33

Interim Results -

Financial Highlights:
· Gross profit of £16.1m, a year-on-year increase of 34%, reflecting strong trading performance and contribution from Baines Simmons
· Underlying PBT of £3.0m, a year-on-year increase of 35% with Broking and Consulting performing well
o Commercial Jets delivered underlying operating profit growth of 18%
o Private Jets achieved record H1 results
o Consulting division integrated and contributed underlying profit of £0.3m
· Underlying EPS of 22.3p, a year-on-year increase of 30%
· Net cash inflow from operating activities of £5.1m, compared to outflow of £1.2m in prior period
· Net cash (non-JetCard cash less debt), of £5.2m compared to net debt of £0.5m at year end
· Interim dividend increased 10% to 8.06p per share payable on 28 October 2016

Dividend
As previously announced, the Board has determined that to pursue our acquisition strategy as well as invest in the future organic growth of the Group, the Company should continue to pay a progressive dividend while at the same time aiming to build cover to between 1.5 and 2.0 times underlying EPS.

Accordingly, the Board has proposed an interim dividend of 8.06p, a year-on-year increase of 10%. The interim dividend is expected to be paid on 28 October 2016 to those shareholders registered at close of business on 7 October 2016.

[cougar99] 24/9/2016 06:03

September Air Travel is So Slow One Carrier Shut Down For a Day

[dozey3] 21/9/2016 22:33

I wonder what sort of value this contract represents. Certainly it provides evidence of the status Baines Simmons in the aviation world. A shrewd acquisition methinks.

[speedsgh] 21/9/2016 11:08

Baines Simmons Wins BAE Systems Consultancy Contract -

Air Partner's aviation safety consultancy division Baines Simmons has been awarded a contract to provide Integrated Operational Support (IOS) consultancy services to BAE Systems (the "Company"), with a specific focus on Typhoon aircraft.

As a result of the continuous drive for air forces to increase the efficiency of their fleets, there is a growing demand for IOS programmes. The programmes integrate numerous support services, improving safety performance and continuing airworthiness. This ultimately increases efficiencies and improves aircraft availability.

As part of its new contract, which became effective on 5 September 2016, Baines Simmons will support BAE Systems' strategic aim to become the leading global IOS provider by 2021. This will enable BAE Systems to reduce costs for customers, improve efficiencies and improve aircraft availability.

BAE Systems recently announced a 10-year arrangement with the Ministry of Defence (MOD) to support the UK Typhoon fleet, working with the Royal Air Force (RAF).

Commenting on the contract, Justin Scarborough, Managing Director of Baines Simmons, said: "It is testament to the experience and expertise of the Baines Simmons team to have been chosen to consult on such an important initiative for one of the world's leading defence contractors. A world-leading IOS system should place the customer first in all decision-making activity, and we are very much looking forward to supporting BAE Systems on making the necessary cultural and organisationalstep-changes to make this goal a reality."

Martin Blaze, Director of Aircraft Maintenance at BAE Systems, said: "At BAE Systems, our customers are our first priority and we are committed to reducing costs and maximising efficiency wherever possible. This project will be a strategic focus for us going forward and we are confident that the Baines Simmons team are the right people to guide us on the journey to becoming a world leading global IOS provider."

[cougar99] 20/9/2016 19:23

Lufthansa, Air China Sign Agreement for China-Europe Routes

[cougar99] 16/9/2016 22:30

Norwegian Air, JetBlue, TAP plan single-aisle long-haul routes