WebWire� | 2006 First half operating results in line with expectations for full year EBITDA of $165 million

WebWire� | 2006 First half operating results in line with expectations for full year EBITDA of $165 million: "As a result of an ongoing investigation, instigated by Avion Group�s Board, into supply contracts for catering services to Excel Airways Group by Alpha Airports Group, a full provision amounting to $10 million (net of taxes) has been made as a precautionary measure in the financial statements of Excel Airways Group. This provision has no effect on cash reserves, budgets and financial statements for current or future periods of Excel Airways Group and has no effect on its current or future earnings.
On completion of the investigation, the Board of Avion Group will take all necessary steps as it deems appropriate to strengthen the management team of Excel Airways Group. "