Air Partner gets buy rating from Liberum Capital

By Doug Gollan, April 28, 2019

The publicly traded U.K. company sells jet cards and on-demand charter with fixed rate programs in both the U.S. and Europe

Stock analyst Liberum Capital restated its buy rating on shares of Air Partner (LON:AIR) in a research note published last Thursday, according to several reports.

Shares of Air Partner stock opened at GBX 89.40 ($1.17) on Thursday.

Air Partner has a 12 month low of GBX 71.40 ($0.93) and a 12 month high of GBX 129 ($1.69). The stock has a market cap of $46.39 million and a P/E ratio of 17.19. The company has a debt-to-equity ratio of 21.28, a current ratio of 1.06 and a quick ratio of 0.80, according to Liberum.

It also reported CEO Mark Briffa sold 34,480 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of GBX 79 ($1.03), for a total transaction of £27,239.20 ($35,592.84).

In addition to jet cards and on-demand private jet charters, Air Partner plc provides consulting and training services worldwide. It operates through four segments: Commercial Jets, Private Jets, Freight, and Consulting & Training.

Jet card pricing

The company provides commercial jet charter services for more than 20 passengers for governments, corporations, sports and entertainment teams, industrial, manufacturing customers, and tour operators; and private jet charter services for up to 19 passengers for business and leisure, high net worth individuals, and governments.

Its JetCard starts at just 10 hours and is refundable. It also allows members to use their deposit funds for on-demand charter. There are fixed-rate primary service areas in both Europe and the U.S. One-way rates start at $4,700, including FET for a light jet.

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