Air Partner shares jump on trading outlook, HAECO drops

Shares in UK-based aircraft broker Air Partner spiked 7.4% in trading on Monday. The company announced earlier this week that it expects its fiscal year first half results to be ahead of estimates, due to the commercial jet broker performing particularly well.

The company noted trading remained positive in the first half, after being forced to close its private jet operating unit in Mar-2010, due to the slump in the private business travel market.

Aircraft leasing company shares were generally weaker, with ALAFCO, FLY Leasing, Aer Cap and Willis Lease all seeing declines. Aircastle shares gained 1%.

Elsewhere, shares in Hong Kong-based aircraft repair and maintenance services provider HAECO dropped 2.9%.

Selected aviation suppliers daily share price movements (% change): 31-Jan-2011