U.K. charter broker Air Charter Service (ACS) revenues spiked 86% in its latest financial year, breaking the billion-dollar mark for the first time
U.K.-based jet card and on-demand charter broker Air Charter Service Group (ACS) saw its revenues grow from GBP 476,741 to GBP 886,638. The results reflect its fiscal year that ended on Jan. 31, 2021. At the current exchange rate, that’s $1.2 billion in top-line revenues.
The private jet charter broker analyzed aircraft fuel burn rates and route distances for 8,000 of its flights over the past two years, compared to the selling price of each charter
U.K.-based Air Charter Service, which offers fixed-rate, guaranteed availability for both the U.S. and Europe, is revamping its carbon offset strategy.
The new program started the beginning of the month for all its private jet flights. On March 1 it will be available for commercial airliner charters.
Chris Leach, Chairman Justin Bowman, CEO Stewart Pitt, Group Finance Director Justin Lancaster, Group Commercial Director Ruan Courtney, Chief Operating Officer Omar Saeed, Group Legal Director James Leach, Group Marketing Director Christine Leach, Non-executive Director Andrew Christie, Group Executive Jets Director Richard Thompson, Regional Director, Americas
Headquarters
Surbiton, England
Jet Card Hourly Rates
US hourly rates from $5,775 for a light jet; European hourly prices from 5,560 euros
Related Products
Group Charters, Cargo Charters; Air Ambulance, and On-demand charter
Related Companies
None
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U.K.-based charter broker Air Charter Service offers fixed-rate jet cards with primary service areas in both the U.S. and Europe. There are capped hourly rates and dynamic pricing options. According to the company, it operates over 23,000 flights per year, with nearly $700 million in sales claimed. ACS has offices worldwide across Europe, the Americas, and Asia/Pacific.
When was the company founded?
1990
Who owns Air Charter Service?
It's private
Who is the CEO?
Justin Bowman
How are aircraft sourced?
Third-party charter operators
What are the initiation and membership fees?
There are no initiation or membership fees
What is the entry-level program?
It's Empyrean Market Account requires a $50,000 deposit
Does Air Charter Service provide guaranteed availability?
Yes
Is the hourly rate guaranteed?
It varies by program
Can jet card holders/members use multiple aircraft at the same time?