Air Partner PLC Update on current trading (9531J)
27 August 2021 - 4:04PM
UK Regulatory
TIDMAIR
RNS Number : 9531J
Air Partner PLC
27 August 2021
LEI: 213800JLR6YIRMSCUS98
27 August 2021
AIR PARTNER PLC
("Air Partner", "Company" or "Group")
UPDATE ON CURRENT TRADING
Air Partner, the global aviation services group, continues to
trade strongly despite the travel restrictions and the general
uncertainty arising from the Covid-19 pandemic. For the first half
of the financial year, 1 February to 31 July 2021, the Group is now
expected to have delivered an underlying profit before tax of not
less than GBP3.7 million.
We continue to see a strong recovery in our Private Jets
division. The UK has exceeded pre-Covid levels over the summer
months as we have welcomed a number of first-time private jet
flyers, in addition to seeing increased demand from many of our
existing customers. The US is also performing very well, with
bookings in H1 being higher than before the pandemic due to the
strong demand for leisure travel by high-net-worth individuals,
which has offset the drop from business travel. However, activity
in Europe remains limited.
Our JetCard product has performed particularly well in the first
half of our financial year, with global bookings up 46% and the
number of new members up 71% compared to the same period last year.
The value of deposits by new JetCard members is also up 130% on the
prior year.
We are experiencing good levels of trading in Group Charter,
predominantly driven by government work, while Freight is still
carrying out some residual Covid-related activity. The recovery in
Safety & Security continues, with Baines Simmons and Redline
seeing good demand from both new and existing customers. Recent
business wins for Baines Simmons include two new contracts with an
international airline and a ferry operator, while Redline has
witnessed an uptick in demand for covert testing and training from
airport operators in the UK as restrictions have lifted. Our latest
asset purchase, trading as Air Partner CHS, is also making a
positive contribution to the Group and is tracking ahead of
management's expectations.
The Board remains encouraged by this performance and is
optimistic about the prospects for both the Charter and Safety
& Security divisions for the rest of the financial year. We are
looking forward to updating the market further at the interim
results at the end of September.
ENDS
Enquiries:
Air Partner 01293 844788
Mark Briffa, CEO
Joanne Estell, CFO
TB Cardew (Financial PR advisor) 020 7930 0777
Tom Allison 0778 999 8020
Alycia MacAskill 07876 222 703
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 comprises wildlife hazard management, aircraft registry
services, consultancy services for airports and logistics
operations, remote condition monitoring, baggage system testing,
and Kenyon International Emergency Services, a world leader in
emergency planning and incident response.
Air Partner has 18 locations across four continents, with its
headquarters located alongside Gatwick airport in the UK. The group
employs around 450 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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END
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