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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.
Publicly traded Air Partner, which sells on-demand charters and jet cards in Europe and the U.S., has provided another update on its business.
It turns out, the strong results are continuing.
U.K.-based Air Partner offered its third COVID-19 Coronavirus update this morning with news of a £6m profit before tax covering February, March, and April, its fiscal first quarter.
On the news, its stock (LON: AIR) was trading at GBX 49.40 midday in London, down from its 52-week high GBX 102.90, but up considerably from a low last month of just GBX 15.33.
U.K.-based private jet broker Air Partner, which offers fixed-rate, guaranteed availability jet cards for service areas in Europe, including the U.K., the Middle East, and North America, is phasing out its JetCard Sterling as a published offering.
The Sterling level program offers aircraft averaging 10 years old but didn’t guarantee the age of planes, so inventory included pre-2000 model private jets.
With the move, it will now offer singular pricing based exclusively on aircraft that meet its sourcing standards, instead of offering two levels of pricing, one for newer and the other for older jets.