Air Touring Group plc
LSE : ATGO

December 01, 2008 10:11 ET

Merger of German Companies

                                                                                        01/12/2008
                                                                         GB00B1FYZ312/GBP/PLUS-exn
                                                                                                  

                                       Air Touring Group plc
                                 ("Air Touring" or "the Company")

                                    Merger of German Companies

Air Touring Group plc today announced that following the acquisition of the remaining 50% equity
of Socata Deutschland GmbH on the 11 November 2008, both German companies owned by Air Touring
have, with immediate effect, merged under German corporate laws to become a single corporate
entity called Air Touring GmbH.

The name "Socata Deutschland GmbH" will not be used henceforth.

This merger is the start of a rationalisation programme of the German business to bring increased
shareholder value to the Air Touring Group and will allow the Group to consolidate results from
the German operations in the future.

The Directors of the issuer accept responsibility for this announcement.


Enquiries:
Michael Pearce
Chief Executive
Air Touring Group plc
Tel: 01959 579 710

Bernard Cheong
Company Secretary
Air Touring Group plc
Tel: 01959 579 710

Duncan Vasey
St Helens Capital plc
Tel: 0207 628 5582

Contact Information

  • Air Touring Group plc