provided their deficiency guarantees underwriting greatly the Japanese financiers' outstanding loans (equal to fair depreciated resale values). Air Europe's first commercial air service was on 4 May 1979, with a brand-new, 130-seat Boeing 737-2S3 Advanced, named Adam (registration G-BMHG) flying Gatwick to Palma de Mallorca with a full passenger load, flight KS 1004. The second plane was delivered to Gatwick that day. The last of the batch of the three arrived, post-testing, likewise on 31 May 1979, in time for the start of the peak operating season. Air Europe became the first new UK charter airline to be profitable during its first year of operation. Becoming a major player in the charter airline industry The first year's success instilled stakeholder confidence and gave a financial platform. Air Europe opened its second base at Manchester Airport in the autumn of 1979 and became its fastest-growing UK departure point for a few years. A major reorganisation was completed in 1981 when Intasun became a unified company, leading to its first flotation as Intasun Leisure Group plc on the London Stock Exchange's then Unlisted Securities Market. In 1987, the group, which by then had become the International Leisure Group (ILG), delisted from London's stock exchange proper.) A third base opened at Cardiff Airport in 1982 when Air Europe's core fleet consisted of seven from-new Boeing 737-200 Advanced aircraft. A further three operated under a swap-lease arrangement with Air Florida between May and September. Air Europe expected to carry 1.2 million passengers during 1982. 1982 was the year Air Europe: took over the purchase agreement of British Airways for a pair of brand-new Boeing 757-200 aircraft to arrive 1983 and 1984. These were among 19 the UK 'flag carrier' had placed with Boeing prior to starting BA's privatisation process which as such had become surplus to its strict requirements. ordered five Boeing 737-300s but with deliveries from 1987. Intasun Leisure Group plc's annual results for the financial year to the end of March 1983 were released in August. These results showed that the group's pre-tax profit for that period was £6.8 million (up 26% on the year before, namely as the travel operator alone) and that the group carried 1.26 million passengers, most of whom by Air Europe. Air Europe accounted for half of the profit. Air Europe's first Boeing 757 named Fiona (registration G-BKRM) operated its maiden commercial flight on 24 April 1983,