13 July 2016 – trading update

The business aviation service provider has announced that consolidated revenues, reported on a constant currency basis, for the half year ended 30 June 2016 will be no less than $205m (2015: $191m) and adjusted EBITDA will be no less than $7.5m (2015: $8.2m).  The company continues to make good progress and these numbers make the current share price look too low.  We rate the shares as a BUY ahead of interim results, due out in September.