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Dart Group News

Class 2 Transaction and Trading update 29th Sept 2004

29 September 2004
 

Dart Group PLC announces that it has acquired a further two Boeing 737-300 passenger aircraft formerly operated by Lufthansa. As a Class 2 transaction, the acquisition is not subject to prior approval from shareholders. The consideration will be met from existing cash and bank facilities. The aircraft will be used to further expand the Group's passenger business.

There follows a Half-Year Trading update from the Group's Chairman and Chief Executive, Philip Meeson.

"Further to my Statement at the Annual General Meeting on 5 August, I am pleased to confirm that the Group continues to trade ahead of budget.

I, therefore, expect pre-tax profits for the year ending 31 March 2005 to be materially ahead of current market expectations".

 

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