Air Partner PLC Acquisition of SafeSkys Limited (0332S)
September 28 2017 - 1:01AM
UK Regulatory
TIDMAIR
RNS Number : 0332S
Air Partner PLC
28 September 2017
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) NO 596/2014
LONDON GATWICK
28 September 2017
AIR PARTNER PLC
Acquisition of SafeSkys Limited
Air Partner's Consulting & Training division acquires
leading provider of
Environmental and Air Traffic Control services to UK &
International airports
Air Partner plc ("Air Partner"), the global aviation services
group, is pleased to announce the acquisition of SafeSkys Limited
("SafeSkys"), a leading Environmental and Air Traffic Control
services provider to UK & International airports.
The acquisition has been funded from Air Partner's existing cash
resources, aligns to Air Partner's long-term strategy and
objectives, and is expected to be earnings enhancing in its first
full year of ownership. SafeSkys reported revenue of c. GBP1.8m for
the year ended 31 July 2016.
SafeSkys was founded in 1993 by Richard Barber, and over the
past 24 years of his ownership, has grown to be recognised as a
leading provider of Environmental and Air Traffic Control services
working across 16 civilian and military airports in the UK,
employing over 80 trained staff working every day onsite at the
customer airport.
Environmental
SafeSkys is a global leader in Wildlife Hazard Management &
Bird Control Services with experience and expertise built up over
24 years serving the needs of civil and military customers. The
environmental habitat is a real and constant risk to an airport
environment, both ground and air, and all international airports
must comply with International Civil Aviation Organisation ("ICAO")
regulations making bird-strike reporting mandatory.
SafeSkys Consulting & Training activity delivers a range of
services such as ICAO 13km Surveys and Wildlife Hazard Management
Plans ("WHMP"), reports necessary for international airports to
comply with regulations and advising on preventative measures to
control future bird strikes and other wildlife risks. Consulting
& Training projects are undertaken internationally.
Air Traffic Control (ATC) Services
SafeSkys holds European Regulation (EC) 1035/2011 status as an
Air Navigation Service Provider (ANSP). This is regulated by the UK
Civil Aviation Authority Safety & Airspace Regulation Group (UK
CAA SARG).
As an accredited ANSP with equal experience of serving the needs
of civil and military customers for over 24 years, SafeSkys is able
to provide the complete turnkey package for Airport ATC Services,
whether an individual ATC Officer, Flight Information Service
Officers or ATC engineers to manage ATC communications and
navigation aids. SafeSkys currently provides turnkey ATC Services
at three UK airports.
As part of Air Partner's Consulting & Training division,
SafeSkys ATC and Environmental activities will extend the group's
capabilities, scale and international presence in Aviation Safety,
and is highly complementary to our activities in aviation
regulation, compliance and safety management and fatigue risk
management. Once integrated SafeSkys will rebrand as Air Partner
SafeSkys and will benefit from Air Partner's long term management
approach, financial strength and transparency and global office
infrastructure.
Taurus London acted as Lead Adviser to Air Partner plc.
Mark Briffa, Chief Executive of Air Partner, said: "SafeSkys has
built a great reputation providing Environmental and Air Traffic
Control services to UK and international airports. I am delighted
to welcome Richard Barber and the SafeSkys staff and customers to
the Air Partner group. SafeSkys specialist activities in sectors
core to Aviation Safety, and the team's passion and customer focus,
make SafeSkys a great acquisition for Air Partner, adding to our
capabilities in managed services, consulting & training, and
extending our activities with the Airport customers. We look
forward to supporting SafeSkys UK and International growth in the
years ahead with investment in organic initiatives and
complementary acquisition."
Richard Barber, Founder and CEO of SafeSkys, said: "This is an
exciting opportunity for the great team at SafeSkys and for our
customers, and it is a natural development for the company after 24
years of successful operation and growth at the forefront of the
industry. I am delighted that we join a global aviation services
group which shares our passion for delivering world class customer
services and excellence in Aviation Safety. We are confident that
Air Partner's long term strategy and approach, their global office
infrastructure, financial strength and transparency will enable us
to enhance our offering and develop the business even further."
ENDS
Enquiries:
Air Partner 01293 844 788
Mark Briffa, Chief Executive Officer
Neil Morris, Chief Financial Officer
Kate Patrick, Investor Relations
Temple Bar Advisory (PR Advisor
to Air Partner) 020 7002 1080
Tom Allison 07789 998 020
Alycia MacAskill 07876 222 703
About Air Partner:
Founded in 1961, Air Partner is a global aviation services group
that provides worldwide solutions to industry, commerce,
governments and private individuals. The Group has two divisions :
Broking division, comprising air charter broking and remarketing;
and the Consulting & Training division, comprising the aviation
safety consultancies, Baines Simmons, Clockwork Research and
SafeSkys, as well as Air Partner's Emergency Planning Division. For
reporting purposes, the Group is structured into four divisions:
Commercial Jets, Private Jets, Freight (Broking) and Consulting
& Training (Baines Simmons, Clockwork Research, SafeSkys and
Air Partner's Emergency Planning Division). The Commercial Jet
division charters large airliners to move groups of any size. Air
Partner Remarketing, which is within the Commercial Jet division,
provides comprehensive remarketing programmes for all types of
commercial and corporate aircraft to a wide range of international
clients. Private Jets offers the Company's unique pre-paid JetCard
scheme and on-demand charter. Freight charters aircraft of every
size to fly almost any cargo anywhere, at any time. Baines Simmons
is a world leader in aviation safety consulting specialising in
aviation regulation, compliance and safety management. Clockwork
Research is a leading fatigue risk management consultancy. SafeSkys
is a leading Environmental and Air Traffic Control services
provider to UK and International airports. Air Partner is
headquartered alongside Gatwick airport in the UK. Air Partner
operates 24/7 year-round and has 20 offices globally. Air Partner
is listed on the London Stock Exchange (AIR) and is ISO 9001:2008
compliant for commercial airline and private jet solutions
worldwide. www.airpartner.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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