Air Partner provides trading update

victoria@aviationnews-online.com
By victoria@aviationnews-online.com August 24, 2018 14:37

Air Partner provides trading update

Air Partner, the global aviation services group, has released a trading update for the six months ended 31 July 2018, which states that the company has “traded well” over the first half of the financial year with underlying pre-tax profit in line with the Board’s expectations and with the same period last year. The Group retains a strong net cash position, it says.

Air Partner reports that its US business had a record year last year and that strong performance continued across all business lines in the region over the first half. In June, the company opened a new office in Los Angeles and expanded headcount in its New York office.

In the UK, after a flat start, Commercial Jets performed well over the second quarter with increased activity around the FIFA World Cup in Russia and a good result from Tour Operations.

In the US and Europe, Private Jets has seen good growth in both JetCard numbers and bookings throughout the first six months.

Air Partner’s Consulting & Training division is trading “in line with expectations, winning some excellent long term contracts in the first half”.

victoria@aviationnews-online.com
By victoria@aviationnews-online.com August 24, 2018 14:37