Group charters and freight helped U.K.-based broker and aviation services company Air Partner boost pre-tax earnings by 250% in the first six months of its financial year
– Jet Card sales increase by 50%; U.S. private jet charter outlook positive
U.K.-based Air Partner has ridden a COVID-19 boom in group charters and freight to record profits for the first half of its financial year, according to unaudited results released ahead of the trading day this morning in London.
When it comes to rules, for Air Partner, jet cards are meant to be customized
Private jet travel is just 18% of Air Partner’s diversified business, which includes large group charter, cargo, and aviation safety-related consulting
Air Partner recently completed a complex Coronavirus emergency evacuation flight from Japan to the U.K.
U.K.-based Air Partner has long had one of the better jet
card programs, or as it calls it, JetCard. That’s based on the published rules.
But, that’s not where it ends.
But before we look at what’s off the menu, let’s quickly recap its North America-based program as is.
A flexible jet card
The starting point to buy is just 10 hours, compared to 25
hours for many providers.
The U.K.-based seller of jet cards and on-demand charter has
opened its first office in Texas.
Air Partner, the London-based global aviation services group,
said its first office in the Lone Star state, in this case, Houston, is now
open. This comes on the heels of the company’s Los Angeles office launch in
2018, and adds to Air Partner’s presence in key markets across the United
States, with offices currently located in Fort Lauderdale, New York City and
JetCard customers increased by double digits while overall
private jet charter was flat
Global aviation services group Air Partner today provided a trading update for the year ended 31 January 2019. The company said its Charter division “performed well” with “strong performance in Freight and Commercial Jets.” Its private jet charter performance was flat although its JetCard jet card customer count grew by double digits.
Other trends include the pilot shortage, struggle of on-demand brokers to offer instant, guaranteed pricing, and desires of jet card buyers for high-touch, high-level service
While a shortage of pilots in business aviation has been pushing up crew salaries by as much as 20%, buyers of jet cards and on-demand charter can look forward to continued favorable pricing, according to executives attending Corporate Jet Investor’s annual Dealmakers Conference being held this week at the Fontainebleau Miami Beach.