Air Partner provides a mid-year update

By Doug Gollan, September 9, 2019

The U.K. publicly traded aviation provider says results have been “slightly stronger than anticipated”

Air Partner plc, said despite what it described as a challenging operating environment across the global aviation industry, “Air Partner’s first-half performance has been slightly stronger than expected.” The statement covered the six months ending July 31, 2019.

The company said it expects “profits will be more evenly weighted across the first and second half of the financial year.” It added, “The Board continues to expect that Air Partner will deliver performance in line with expectations for the full year,” although it noted, “The global charter market is a volatile industry and, against this backdrop, the Group manages the business for the long term.”

It also said it continues to assess organic and acquisitive investment opportunities for its various businesses, including charter.

Air Partner was in the news recently introducing a new jet card providing guaranteed availability and fixed rates for transatlantic flights that is refundable and only requires 10 hours of flight time purchased. It joins NetJets, Vista Global and now JetSet Group is offering fixed-rate, guaranteed availability solutions on the route.

It is one of a limited number of providers with primary service areas in both Europe and the U.S. Its U.S. program also starts at 10 hours and allows members to switch cabin category per trip at published rates. You can also use funds for on-demand charter