29 May 2012 – interim management statement

An encouraging trading statement from the group has revealed that the private jet division is trading well with sales up significantly year-on-year whilst the freight division is also doing well.  On the other hand, the commercial jet division is finding life more difficult although trading last year was very strong due to the impact of the Arab Spring.  Net cash at 23 May was £15.3m and we continue to rate the shares a BUY FOR RECOVERY.