Aircraft charter specialist, Air Charter Service, has reported a strong first half, with a 41% increase in business in the six months ending 31 July.
Chairman, Chris Leach, says: “The strong figures have been evenly spread around the world. The only region in which we didn’t see growth was Russia, so results would have been even better if it were not for the current troubles there.
“We are pleased to see the continued recovery of the cargo charter market after two years of virtual stagnation. Our Cargo department in particular has had a booming first half of the year, seeing a 60% increase.
“Our Private Jet division has enjoyed a fruitful first six months, with 24% growth compared to the same period in 2014.”
The group has restructured its Group Charter division and cut an unprofitable revenue stream.
Now the company is reporting a strong balance sheet and bank funds of £11.7m worldwide at the end of our half year, up from £8.8m last year. It also says overall profit has doubled year-on-year.
A new office was opened in Geneva in May, with two more planned in the coming six months, taking the total to 20 around the globe.
The Rugby World Cup has also provided good business for Air Charter, director of group charter Matthew Purton says.
“Since the final whistle of the most exciting Six Nations in years in March of this year, we have been helping to plan flight schedules for this tournament. With offices based in almost half the nations taking part, we have been exceptionally busy around the world organising travel for the competing sides’ supporters, sponsors, media and, of course, the teams themselves.
“Over the first weekend alone, our French office oversaw almost 30 flights to England.
“With the tournament being in England we are finding that it is close enough for some European fans to treat the games as day trips, returning home shortly after each game. Regular airlines simply don’t have the capacity or schedules to cope with the volume of supporters wishing to travel over here at the times they want, meaning charters are the obvious option.”