Air Partner finishes accounting review and reports ‘strong’ results

Shares of the U.K.-based private jet charter and jet card broker had been suspended last month after a prolonged review of its financial statements

 

In what might be a sigh of relief for the private jet charter industry, Air Partner PLC announced today it had completed a review of its past financial statements and reported results for its year that ended January 31, 2018. While the company had said its business was solid, following the Chapter 7 bankruptcy of Zetta Jet and ImagineAir ceasing operations, Air Partner’s announcement on May 31 that it would cease trading in its shares until accounts were sorted caused unease. Today the company reported £261.3 million gross transaction value, the amount it invoiced to customers with a £36.1 million gross profit and £5.8 million underlying profit before tax. It reported having £4.8 million in cash excluding deposits for jet cards, the money you pay in advance and is held before your flights. It also said its Net Promoter Score rose from 75% to 79%. 

Airstream Jets offers up to $4,000 off its Distance Card jet cards

Florida-based jet card charter broker Airstream Jets uses mileage instead of hours to calculate jet card prices

 

Airstream Jets is offering discounts of $700 off its Silver Distance Card and $4,000 off its Gold Distance Card through July 4, 2018. Price for the Silver level program is $25,000 plus 7.5% Federal Excise Tax (FET) while Gold runs $100,000 plus FET.

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