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Air Partner makes progress in the face of some strong headwinds – Proactive Investors UK

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08:03 Fri 27 Aug 2021
Xpediator sees opportunity from Brexit
The private jet charter firm said it would make a profit of not less than £3.7mln in the first half
Air Partner (LSE:AIR) PLC (LON:AIR), the aviation services group, said it has continued to trade strongly in the face of some strong headwinds.
Travel restrictions and “general uncertainty” around the pandemic don’t appear to have impeded the firm’s progress as it said it would deliver a first-half profit of not less than £3.7mln.
“We continue to see a strong recovery in our private Jets division,” it said in a brief update to the City.
“The UK has exceeded pre-Covid levels over the summer months as we have welcomed a number of first-time private jet flyers, in addition to seeing increased demand from many of our existing customers.”
It added that US was also performing “very well”, with first-half bookings higher than before the pandemic due to the strong demand for leisure travel by wealthy flyers.
The one dark cloud was Europe, where activity remained “limited”.
AP also said the JetCard product “performed particularly well”, while was continuing to see “good levels of activity” from the group charter operation, which is predominantly driven by government work.
“The board remains encouraged by this performance and is optimistic about the prospects for both the Charter and safety and security divisions for the rest of the financial year,” the company added.
Price: 90.5 GBX
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The above has been published by Proactive Investors Limited (the “Company”) on its website and is made available subject to the terms and conditions of use of its website (see T&C ). …
Supply@ME Capital plc (LSE:SYME) CEO Alessandro Zamboni and CFO Amy Benning joined Proactive’s Stephen Gunnion with details of a trading statement. The inventory platform specialist expects to generate consolidated revenues of between £3.8 million and £4.9 million for the year to end-December…
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