COMPANIES Aero Inventory’s hopes of landing a multi-million pound 10-year contract with a major airline have been dashed, forcing the company to change direction.
Only five weeks ago the company, a wholesaler of aircraft parts, was preparing for the contract by raising £11.9m before expenses and selling stock to Air Canada for bills of exchange with a face value of $100m (£71m). The shares, which were placed last month at 250p each, closed on Monday down 35p at 170p.
