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Air Partner finance chief quits after discovery of hole in accounts 

The finance boss of Air Partner has resigned from the aircraft charter company after the discovery of a long-running accounting error that left a hole in its finances and caused it to delay its results.
Neil Morris, chief financial officer at the business, offered his resignation - which has been accepted with immediate effect - in the wake of the problems which caused Air Partner’s shares to crash 20pc when they were revealed.
At the start of the month, the Gatwick-based company, which offers services chartering private jets and air freight, announced that an accounting issue relating to the way it collected payments would leave a ?3.3m hole in its finances, causing its shares to plunge.
Earlier this week Air Partner updated on its investigation into the crisis, saying the impact of the error - which had gone undiscovered since 2011 - would be limited to ?4m.
Air Partner finance chief quits after discovery of hole in accounts 

Air Partner also provides air freightservices
The company then pushed back publication annual results from April 26. 
Air Partner also said that despite the delay to the full-year figures it intended to recommend a final dividend of 3.8p a share, and that it has sufficient cash resources to cover this.
Putting a cap on the size of the hit the business is likely to take has boosted investor confidence, with the shares climbing 20pc after the second announcement.
Mr Morris will “remain available to the company” to help sort out the problems, and Air Partner is now seeking an interim appointment for the role and will be starting a search to find a permanent replacement for him.
Shares in the company rose 3pc in early morning trading.
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