Air Partner plc Reports Strong Growth in Its JetCard Product, Driven by US Activity
15 July 2021 - 11:00PM
Business Wire
Number of JetCard bookings, members and
customer deposits up globally as travel restrictions ease
Air Partner’s (LSE: AIR) Private Jets business has seen a 56.8%
increase in JetCard bookings globally from 1 February to 30 June
compared to the same period last year, indicating that leisure
travellers are increasingly looking to secure flexible and safe
travel now that travel restrictions have been eased. The number of
new members is also up 36.8% year-on-year, while customer deposits
are up 85.2%.
Highlights:
- Global JetCard bookings up 56.8% and number of new members up
36.8% YoY
- US bookings up 152.9% YoY and the number of new US JetCard
members up 225.0%
- UK JetCard bookings up 6.3% and customer deposits up 82.4% YoY,
despite downward market trend
This growth has primarily been driven by the strong performance
in the US, where the large domestic market has enabled
high-net-worth individuals (HNWIs) to continue flying. This has led
to a 152.9% year-on-year increase in bookings and 225.0% increase
in new JetCard members. The value of JetCard customer deposits in
the US is also up 112.8% year-on-year.
Momentum is starting to build in the UK Private Jets business,
with activity now back at pre-COVID levels, and this is expected to
continue as the vaccine roll-out drives the return of business and
leisure travel. JetCard bookings are up 6.3% and customer deposits
are up 82.4% year-on-year, despite the wider downward market
trend.
Air Partner has seen demand recover faster for its JetCard
product than ad-hoc flying. Its first-rate JetCard programme allows
clients to buy private jet flying 'hours' in advance, while
offering fixed rates across six cabin sizes and the ability to
change booking details at short notice, without penalty. It is
proving extremely popular as it gives travellers the ability to fly
in safety, but with flexibility in case they need to amend
plans.
Mark Briffa, Group CEO of Air Partner plc, commented: "It
is extremely encouraging to see such strong growth in our Private
Jets business, particularly in the US, and the growing popularity
of our JetCard product among both new and existing customers
globally. In this environment, customers especially value the
flexibility offered by our JetCard in case they need to change
their flight plans, as well as the security of knowing a flight
will be available to them should they need one at short
notice."
David McCown, President of Air Partner Americas, added:
“We are very pleased to see sustained demand from high-net-worth
individuals in the US, who have come to rely on our JetCard product
for their flying needs throughout the pandemic. We have seen strong
growth in deposits and bookings from both new and existing
customers, and we expect to see the momentum continue.”
About Air Partner:
Founded in 1961, Air Partner is a global aviation services group
providing aircraft charter and aviation safety & security
solutions to industry, commerce, governments and private
individuals, across civil and military organisations. The Group has
two divisions: Air Partner Charter, comprising Group Charter,
Private Jets, Freight and Specialist Services; and Air Partner
Safety & Security (formerly Consulting & Training), which
comprises Baines Simmons, Redline Assured Security and Managed
Services.
Group Charter charters large airliners to move groups of any
size. Private Jets offers the Company's unique pre-paid JetCard
scheme and on-demand charter for up to 19 people. Freight charters
aircraft of every size to fly almost any cargo anywhere, at any
time. Specialist Services comprises Air Partner's other aviation
services that complement its Charter business: Remarketing, ACMI,
scheduled group travel, tour operations, air evacuation and flight
operations.
Baines Simmons offers aviation safety management and fatigue
risk management. Redline Assured Security delivers
government-standard security training, consultancy and solutions to
regulated, high value and high threat environments. Managed
Services offers wildlife hazard management, aircraft registry
services, consultancy services for airports and logistics
operations, remote condition monitoring and baggage system
testing.
Air Partner has 16 locations across three continents, with its
headquarters located alongside Gatwick airport in the UK. The group
employs around 420 aviation professionals globally and operates
24/7. Air Partner is listed on the London Stock Exchange (AIR) and
is the only publicly listed air charter broker and aviation safety
& security consultancy. It is ISO 9001:2015 compliant for
commercial airline and private jet solutions worldwide. More
information is available on the Company's website
(www.airpartnergroup.com).
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Hawkins International Courtney Schuermann 212.255.6541
Airpartner@hawkpr.com
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