Air Partner PLC AGM Statement (3498J)

TIDMAIR

RNS Number : 3498J

Air Partner PLC

28 June 2017

28 June 2017

Air Partner plc

AGM STATEMENT

Air Partner plc ('Air Partner' or 'Group'), the global aviation services group, holds its Annual General Meeting today. At the meeting, Mark Briffa, Chief Executive Officer, will make the following statement:

"At the time of our full year results in April, we reported that trading at the start of the new financial year had commenced in line with the Board's expectations. I am pleased to report that trading has continued at similar levels, and given our forward pipeline of work and our strong net cash position, we remain optimistic about the Group's prospects for the remainder of the financial year.

We continue to assess investment opportunities, both organic and acquisitions, which will further add to or enhance the services and capabilities we can provide to our clients across the world.

Air Partner will provide a further trading update before the Group enters its close period on 28 August.

Further to our previous announcements, our Chairman Richard Everitt will stand down at the conclusion of the AGM after 12 years as a non-executive director and 5 years as Chairman. On behalf of the Board and everyone at Air Partner, I would like to express my sincere gratitude to Richard for his valuable contribution to the Group. His experience and wise counsel have been a fantastic support and we all wish him well for the future.

Subject to shareholder approval at the AGM, we look forward to welcoming Peter Saunders as our new Chairman. We will make a further announcement about this later today."

Ends

 
 
   Enquiries 
 Air Partner                           01293 844788 
 Mark Briffa, CEO 
 Neil Morris, CFO 
  Kate Patrick, Investor Relations 
 
 Temple Bar Advisory (Financial PR 
  advisor)                            020 7002 1080 
 Tom Allison                          07789 998 020 
 Ed Orlebar                           07738 724 630 
 Alycia MacAskill                     07876 222 703 
 

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 : Broking division, comprising air charter broking and remarketing; 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. Air Partner Remarketing, which is formed 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. 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

Cautionary statement regarding forward-looking statements

This document may contain forward-looking statements which are made in good faith and are based on current expectations or beliefs, as well as assumptions about future events. You can sometimes, but not always, identify these statements by the use of a date in the future or such words as "will", "anticipate", "estimate", "expect", "project", "intend", "plan", "should", "may", "assume" and other similar words. By their nature, forward-looking statements are inherently predictive and speculative and involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to factors that could cause our actual results to differ materially from those expressed or implied by these statements. The Company undertakes no obligation to update any forward-looking statements contained in this document, whether as a result of new information, future events or otherwise.

This information is provided by RNS

The company news service from the London Stock Exchange

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June 28, 2017 02:00 ET (06:00 GMT)