Air Partner reports record profit in first-half financial results

Air Partner finances 2020

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.

Air Partner adds flexibility to its flexible JetCard program

Air Partner

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.

Air Partner adds an office in Houston

European private jet flights March 2019

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 Washington, D.C.

Air Partner expects pre-tax profit of at least £5.8m ($7.6 million)

Air Partner JetCard pricing

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.

Downward price pressure on the charter and jet card market continues to favor consumers

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.

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