UPDATE 1-Air Partner raises FY profit view

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Wed Jul 28, 2010 2:45am EDT

* Says trading remained good throughout Q4

* Says visibility remains poor, sensitive to mkt decline (Adds details)

July 28 (Reuters) - British charter plane broker Air Partner Plc (AIP.L) said on Wednesday it expected full-year underlying profits to be ahead of its revised expectations and trading remained good throughout the fourth quarter.

However, the company, which supplies planes to world governments as well as the super-rich, said visibility remained poor and it was sensitive to any further economic deterioration.

Air Partner, which did not pay an interim dividend, reiterated its intention to recommend a dividend at the full year.

On June 3, the company had said it expected full-year profitability, excluding certain costs, to be above market estimates on a like-for-like basis. [ID:nSGE65208N]

Analysts on average were expecting a pretax profit of 2.4 million pounds ($3.7 million), on revenue of 184 million pounds for the year ending July 13, according to Thomson Reuters I/B/E/S.

Air Partner shares closed at 290 pence on Tuesday on the London Stock Exchange. ($1=.6413 Pound) (Reporting by Tresa Sherin Morera in Bangalore; Editing by Vinu Pilakkott)

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