April 14 - Investment banking consultant Liberum has issued a report about Air Partner, stating that UK based air charter broker has shown good underlying performance in its latest financial results.
Liberum observes revenue from strategic initiatives is more than offsetting a drop in turnover from Ministry of Defence business, and that these activities now account from more than 40 percent of Air Partner's total revenue.
Liberum concedes that investment in systems and people is required to take Air Partner to the "next level", although it continues to recommend that investors should buy into the company at a target price of 700 p.
