Air Partner targets new and NetJets flyers with expanding jet cards

Air Partner Hybrid Card

The diversified aviation services provider is targeting newcomers and NetJets leavers with new jet card offerings in Europe

Air Partner, which offers jet cards both in the U.S. and Europe, has launched two new private jet membership programs in Europe. One is targeted at new to private aviation flyers. The other, which debuted earlier this year, is designed to counter private jet leader NetJets.

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 plc profits dip despite 42.5% rise in U.S. private jet charter and jet card sales

Air Partner finances

Full-year gross profit fell 3.7% to £34.2m for the global aviation services group

Global aviation services provider Air Partner said its full-year sales and profits declined for the period ending Jan. 31, 2020.

Gross profit was down 3.7% to £34.2 million compared to £35.5 million for the previous year. On a like for like basis, adjusting for constant exchange and acquisitions, profits declined 5.3%.

Air Partner provides new investor update

Air Partner

U.S. private jet charters are holding up better than Europe

Air Partner says cargo and repatriation charters are helping offset drops in private jet charter and jet card revenues

Private jet charter, jet card broker and aviation services provider Air Partner provided an update on trading this morning. It covers its new financial year which began February 1, 2020.

Air Partner updates shareholders on Coronavirus COVID-19 actions and impacts

Air Partner

The private jet charter broker and jet card provider provided a wide view of its varied business units

Private jet charter and jet card broker Air Partner, which offers extensive aviation services beyond private flying, updated shareholders earlier today on its approach to the Coronavirus COVID-19 pandemic, including protective actions being taken, current sales and pipeline.

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 gets buy rating from Liberum Capital

Air Partner finances

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.

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