FORT LAUDERDALE, FLA., October 18 /CNW/ - Air Partner, the provider of
private aviation(1) services to industry, commerce, governments and private
individuals worldwide, is pleased to announce record year end results for the
12 months to 31 July 2007.
The Air Partner Group increased turnover by 33% to GBP 185.8 million. The
USA office of Air Partner performed well, focusing primarily on growing its
client base, which it successfully grew by 22% through enhanced sales,
marketing and client retention initiatives. There was particularly strong
growth in the Private Jet business and increased interest in the Emergency
Planning Division service offering.
Over the last five years, Air Partner has made excellent progress in an
industry that is enjoying rapid growth. Today, Air Partner services an
ever-growing array of clients as diverse as heads of state and government
departments to large corporates and high net worth individuals. Air Partner
offers clients all aspects of private aviation service from commercial jet
charters to private jet charter, sales, management and JetCards, and freight
Philip Mathews, President of the USA office, commented: "Despite no
'super-exceptional' contracts which have boosted performance in prior years,
profitability has been sustained. During 06/07 we have invested significantly
in growing the client base, laying the foundation for future growth. Our
Private Jet business has increased by 19% in a highly competitive and
innovative market. Commercial Jet business has proved to be tougher. A
restructure at the end of the year was designed to maintain the growth in
Private Jets and, in addition to two key hires, to reverse the decline in
Commercial Jet business."
Commenting on the Group results David Savile, Chief Executive of Air
Partner, said: "These record results demonstrate the Group's ability to
provide outstanding service and client satisfaction over the long term. Over
the last 12 months Air Partner has grown its business by geography, clients
and products, and invested to produce a stronger platform from which we can
win further market share in the rapidly growing private aviation market."
The last 18 months have provided Air Partner with unprecedented trading,
driven by a strong global economy, further deterioration of the scheduled
airline experience and the continued rapid growth of the high net worth
segment. Forward bookings at 31 July 2007 were 15% higher than the previous
year. We believe our diversified spread of earnings is a good buffer against
significant flux, and we remain confident in the Group's future prospects,
inasmuch as our limited visibility permits.
Notes to editors:
Air Partner plc is the world's largest corporate aircraft charter company
with 23 offices in 15 countries, spanning Europe, North America, the Middle
East and Asia. The Group operates a full 24-hour flight operations centre
providing clients with instant access to its chartered aircraft services
year-round. Its team of professionals have established and earned an enviable
reputation for masterminding some of the most complex civil aviation
operations flown today. New missions are frequently launched at a moment's
notice, flying key movers and shakers into, and out from, the most obscure or
challenging airports. Additionally, it flies tens of thousands of flights each
year to the more traditional business and leisure destinations.
(1) 'Private Aviation' defined as flights operated where one user
charters the whole aircraft, as opposed to flights where passengers have paid
for individual seats on a flight already planned to operate from a timetable.
Please ensure "Air Partner" is written in its correct singular form, not
in the plural.
For further information:
For further information: Air Partner Inc Judy Haveson/Nicole Buckley,
212-715-2222 or Air Partner PLC Richard Thomas, +44 (0)1293 844 786 or Temple
Bar Advisory Tom Allison, +44 (0) 207 002 1080