29-Mar-2010 12:01 PM

MAp Group expects to gain from recovery

MAp Group stated in its 2009 annual report the company is in a "great position to capitalise on the significant changes and growth opportunities in the aviation industry'' (AAP, 26-Mar-2010). The company stated the 2010 distribution guidance has been maintained at AUD21 cents per stapled security, subject to external shocks to the aviation industry or material changes to forecast assumptions.

MAp Group: "The timing of the management internalisation, which occurred at the same time as a recovery in passenger numbers, gave the company maximum operating leverage into the improving environment" Max Moore-Wilton, Chairman & Kerrie Mather, CEO. Source: AAP, 26-Mar-2010.