Air partner .. take profit and fly?

Air Partner (AIP LN) is up +15% since our previous post at the end of April. I feel itchy to take at least some of the profit after an insider sale from the honorary chairman Anthony G. Mach who sold all of his 7.3% stake.  I also see limited value in the Cabot Aviation deal, where management paid x1.7 times turnover (GBP 1.2m) to buy a Jet broker firm.

 

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