10th Jul 2009 07:00
July 10th 2009
BBA Aviation plc - Trading Update
BBA Aviation plc, the aviation services and systems support group, today issues a trading update ahead of its results for the six months ended 30 June 2009, which will be announced on 6 August 2009.
The Group delivered a strong performance relative to our market for the first six months of the year despite the challenging environment and overall was in line with our expectations. Conditions in our key markets have been relatively stable since the Interim Management Statement issued on 30 April 2009 and trading has been solid, assisted by our proactive management of the cost base.
The focus on reducing debt continues to yield results with strong free cash flow in excess of £50m anticipated for the first half of the year.
Although we are still experiencing short term volatility in certain of our markets, we expect to continue to outperform during the second half of the year. We will continue to manage our businesses proactively to deliver a robust performance and our continued focus on cash generation and debt reduction will position us well to benefit from a recovery when it comes.
Enquiries:
BBA Aviation plc
Andrew Wood, Finance Director
020 7514 3950
Brunswick Group LLP
Simon Sporborg / Jayne Rosefield
020 7404 5959
Notes to Editors
BBA Aviation plc is a world leader in the provision of Flight Support and Aftermarket Services and Systems for business aviation, regional airline, military and commercial aviation operators, including FBO services, fueling, ground handling, turbine engine repair and overhaul and aviation components, landing gear and hydraulic systems. BBA has leading positions, well-known and reputable brands and a proven track record of organic and acquisition-led growth. BBA Aviation companies include Signature Flight Support, ASIG, Executive Beechcraft, Ontic, International Governor Services, APPH, Dallas Airmotive, Premier Turbines, H&S Aviation, International Turbine Service and Barrett Turbine Engine Company. For more information, please visit www.bbaaviation.com.
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