Charter & Fractional
Increased demand at UK charter firm
Charter broker Air Partner has seen a 40-percent increase in executive aircraft bookings over the past year.

Charter broker Air Partner has seen a 40-percent increase in executive aircraft bookings over the past year. In an October 6 statement, which reported significantly improved financial results for the year ending July 31, the UK-based group said that business aircraft charters had increased most markedly during May, June and July and that many of these bookings were from financial institutions. Before the widespread softening in world stock markets beginning in 2001, financial “road shows” in which analysts and prospective investors tour company facilities had been a mainstay of the executive charter market.

Pre-tax profits at Air Partner climbed 29.7 percent from 2003 profits, to $6.6 million (£3.71 million). In a bid to protect margins, the group has reduced its worldwide annual overhead by 6.5 percent to $14.8 million (£8.3 million).

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