Air Partner sees FY ahead of expectations

By Caroline Jouan

Date: Thursday 14 Aug 2008

Private aviation services group Air Partner expects results for the full year to be better than market forecasts, after experiencing good trading conditions.

The group, which charters flights for the Queen and government officials, said the outlook remains good for the longer term and expects its pre-tax profit and sales for the year ended 31 July to be ahead of last year by about 20% and 30%, respectively.

"The group has traded particularly well in the last quarter of its financial year and this, combined with good trading conditions experienced throughout the financial year, means that Air Partner now expects to report year-end results ahead of current market expectations," it said in a company statement.

Looking to the longer term, the outlook remains good, it said "however, while the financial year has started in line with expectations, booking lead times are shorter and forward orders are currently slightly softer."

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