Post-results buying by Air Partner directors

Two directors of aircraft charter company Air Partner have bought shares following its annual results.

Non-executive chairman Aubrey Adams bought 30,000 shares at 408p each, taking his stake to 50,000 shares (0.49%). The shares cost a total of £122,400.

Non-executive director Richard Everitt bought his first shares in Air Partner. The 5,000 shares at 428p each cost a total of £21,400.

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A second half recovery in the core business helped Air Partner to improve on the previous two half years' profits. Underlying profit still fell from £5.9m to £3.5m for the year to July 2010. The loss from the closure of the Private Jet Operating Company was £4.41m.

Visibility of demand continues to be limited but this has never been a predictable business. Mark Briffa became chief executive earlier this year and Gavin Charles was appointed finance director in June.

Air Partner is not paying a final dividend for last year but it has already announced a 15p a share interim dividend payable on 17 December.

Top Director Buys

Air Partner (AIP) Director name: Mr Aubrey John AdamsAmount purchased: 30,000 @ 408.00p Value: £122,400

GGG Resources (GGG) Director name: Mr Peter Antony Ruxton Amount purchased: 500,000 @ 12.50p Value: £62,500

GGG Resources (GGG) Director name: Mr Paul McGroaryAmount purchased: 270,000 @ 12.50p Value: £33,750

Air Partner (AIP) Director name: Mr Richard EverittAmount purchased: 5,000 @ 428.00p Value: £21,400

GGG Resources (GGG) Director name: Mr Paul McGroaryAmount purchased: 170,000 @ 12.15p Value: £20,655