Company background   CTC Aviation Group plc was established in the early 1990s  to provide training and management services to the highest airline industry standards. The company is run by experienced aviation professionals who work closely with our airline partners to understand their requirements and deliver services that meet their needs. We serve major airlines around the world, from established national flag carriers to fast growing start-ups. We are fully approved as a CAA/JAA Flight Training Organisation and Type Rating Training Organisation and hold JAR FCL approval for our training courses.  CTC is recognised throughout the industry for its commitment to the highest standards. The company’s instructors are among the most experienced Training Captains in commercial aviation. Our track record of innovation includes the groundbreaking ATP Scheme, launched in 1994 for inexperienced young pilots which has now been incorporated into "CTC Wings"  - a unique, vertically integrated development programme that takes both cadets and licensed pilots all the way to the right hand seat of a commercial airliner. Today, CTC is expanding rapidly. In 2004, we invested in state-of-the-art training facilities – and three full flight simulators - at our Nursling Crew Training Centre, near Southampton in the UK. In April 2005, we opened a brand new, purpose-built training centre at Hamilton International Airport, in New Zealand. We are confident in the future of commercial aviation and in our own future, delivering high quality services tailored to the needs of individual airlines. In the first quarter of 2006, we have already invested 3.6 million Euros in a fleet of 8 DA-42 Diamond Twinstar aircraft to support the increased activity required to meet CTC's Wings partner airline requirements.   CTC is also constructing a NZ$5 million accommodation campus close the the Hamilton (NZ) Crew Training Centre, the first stage of which is due for completion in July 2006.