Charter & Fractional
Charter brokers hunt for new clients
Demand for executive aircraft charter continues to be softened by depressed trading activity in the financial community, which has previously been a core m

Demand for executive aircraft charter continues to be softened by depressed trading activity in the financial community, which has previously been a core market for corporate jet operators. The world’s two leading executive charter brokers, Air Partner and Hunt & Palmer, say they have preserved revenues over the past 12 months only by diversifying geographically and by attracting new business. Both told AIN that profit margins for brokers and operators alike have remained tight.

UK-based Air Partner’s profitability actually climbed by 85 percent in the financial year ending July 31, due largely to increased demand for chartered airliners. Pre-tax profits reached £2.2 million ($3.3 million) and revenues were up by 13 percent to £100.7 million ($151 million).

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