Air Partner reports profit rise

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Aviation services group Air Partner has reported a £4m (US$4.2m) profit for the first half of its 2017 financial year, which is £1m (US$1.3m) more than the £3m (US$3.8 m) reported for the same period in 2016.

Air Partner provides air charter broking and remarketing, training, and consulting to corporate clients, individuals and governments for passengers and cargo. It is headquartered at Gatwick Airport in the UK, with 20 offices around the world.

The company said its Broking division, which includes its Aircraft Charter and Remarketing businesses, has performed “well” across all product lines, and its Consulting and Training division is delivering “solid results”, with an encouraging pipeline of opportunities to be secured in the second half of the financial year.

A more detailed update on business performance will be provided with the interim results, which are expected to be released on September 28, 2017.

Air Partner said it is assessing investment opportunities in both organic growth and acquisition.

“As we always state, in the world of aviation, and most especially in the global charter industry, it is prudent to be ever cautious and vigilant. The global charter business has always been, and will continue to be, a volatile industry, and against this backdrop we will manage the business for the long term, with a very clear strategy of alignment to the needs of our global customer base,” said the company’s management board in a statement.

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Helen has worked for UKi Media & Events for nearly a decade. She joined the company as assistant editor on Passenger Terminal World and since progressed to become editor of five publications, covering everything from aviation, logistics and e-commerce to meteorology. She has a love for travel and property and has redeveloped three houses in three years. When she’s not editing magazines, she’s running around after her two boys and their partner in crime, Pete the pug.

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