Advent Air* saw its shares firm 2p to 9.5p after Growth Equity & Company Research initiated its coverage of the stock with a "buy" stance. The company also announcing that passenger numbers for the month had increased by 11.73% over the previous year. Skywest traffic, measured by revenue passenger kilometres increased by 12.62%, while capacity, measured by available seat kilometres increased by 14.13% over the same period. Load Factor decreased by 0.66pts to 48.87% compared to the previous year.

How often do you come accross a firm that is capped at 8.8m has a turnover of 16m is profitable with a P/E of just 7.5

Acquisition

RNS Number:0336D
Advent Air Limited
16 May 2006





For immediate release


16 May 2006

Advent Air Limited

("Advent Air" or the "Company")


INTENTION TO OFFER FOR THE ORDINARY SHARES OF SKYWEST LTD


Advent Air Limited confirms its intention to offer, through a wholly owned
subsidiary, for the balance of the ordinary shares in Skywest Ltd and set out
below is the text of an announcement to be released on to the Australian Stock
Exchange:


"Advent Air Limited ('Advent') wishes to announce that it intends, through its
wholly owned subsidiary, CaptiveVision Capital Limited ('CVC') to make an
off-market offer ('Offer') for all the fully paid ordinary shares in Skywest
Limited ('Skywest') not currently held by CVC. CVC currently holds 63,095,000 of
the fully paid ordinary shares in Skywest representing 60.34%.


Advent is a company incorporated in Singapore with its shares traded on AIM on
the London Stock Exchange, with code AAIR.


Salient Terms of Offer

The salient terms of the Offer are summarised below:

Who is making Advent Air Limited is making the Offer through its wholly owned
the Offer subsidiary CaptiveVision Capital

Offer price Shareholders will be offered:
* 0.4171 Advent shares; and
* AUD $0.227 cash
for every one (1) fully paid ordinary share

Offer The Offer is conditional on the "prescribed occurrences" as set
Conditions out in Section 652C(1) and 652C(2) of the Corporations Act

Pre-Bid * China Bridge Investment Pte Ltd which holds 10,305,765 shares
Confirmations in Skywest has confirmed that in the absence of a higher offer,
it would be inclined to accept an offer from Advent or CVC on
the Offer terms; and

* China Xpress Pte Ltd which holds 13,671,429 shares in Skywest
has confirmed that in the absence of a higher offer, it would
be inclined to accept an offer from Advent or CVC on the Offer
terms.

Indicative Further information concerning the Offer will be contained in the
Timetable Bidder's Statement, which Advent expects will be served on Skywest
and lodged with the Australian Securities and Investment
Commission within two months.


"


ENDS


For more information please contact:



Jeff Chatfield, Chairman, Advent Air Ltd 07783 942 553
Roland Cornish, Beaumont Cornish Limited 0207 628 3396
Philip Haydin Slater, W H Ireland 0207 220 1690
Leesa Peters / Abigail Singleton , Conduit PR 0207 429 6666
+44 (0) 7812159 885




This information is provided by RNS
The company news service from the London Stock Exchange

EN
ACQEAESKFAAKEFE

Moving nicely higher following the news.

Nice 500K buy reported at the close.

Nobody else then ?