Air Partner weathers turbulence and doubles profits

Private aviation services provider Air Partner, in an interim statement, says it expects to hit City profit expectations despite a fall in business from governments.

Deals including Air Partner flying 7,000 car dealers from 53 countries to Marrakech for the launch of the new Range Rover helped contribute to a pre-tax profit for the first half of the year nearly doubling to £1.3m.

New customers from the oil and gas sectors and tour operators had “mitigated the impact of reduced government and conference and incentive revenues,” the company said.

“Freight revenues remain at a significantly lower level than the prior year and the outlook for the global freight market remains challenging,” the company added, saying that “despite the continuing challenges” facing aviation and the global economy it is trading profitably and is debt-free.
 
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Paul Colston

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Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

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