Air Partner provides AGM statement

Eleanor Steed
By Eleanor Steed July 11, 2018 15:12

Air Partner provides AGM statement

At its Annual General Meeting (AGM) today, Mark Briffa, Chief Executive Officer of Air Partner, confirmed that since the company reported flat growth for commercial jets and a “slow start” for private jets with good growth in freight in June, that the strength of the commercial jets business has improved. He also expressed confidence about the firm’s prospects for the remainder of the year. “We have a strong net cash position and while we will incur a material one-off cost of £1.3m in the current year as a result of the recent accounting review, we are determined to realise value from that unexpected cost by learning from its findings, implementing changes and being a better and stronger business as a result,” he said.

He adds: “As we always state, the global charter business has consistently been, and will continue to be, a volatile industry. Against this backdrop we manage the business for the long term, with a very clear strategy of alignment to the needs of our global customer base. In line with our clear growth strategy, the Board continues to assess investment opportunities, both organic and acquisition, to enhance or extend the services and capabilities we offer our customers, which will ultimately strengthen and advance our business.”

Air Partner will provide a further update before the Group enters its close period on 28 August 2018.

Eleanor Steed
By Eleanor Steed July 11, 2018 15:12