The global aviation services group, Air Partner plc, has just released a trading statement before its scheduled update on the 1st of February. The detailed list with the full year results and the business performance are expected to be released on the 26th of April.
So far, Air Partner reported a good second half due to its continued performance across all product lines within the Broking division, with strong results coming from US and from its Freight. The expected pre-tax profit for the financial year ending 31st of January 2018 should be no less than £6.4 million, which is a lot more than last year’s £5.1 million and also ahead of market consensus of £5.9 million.
With these results coming forward, the Group retains a strong net cash position. New additions to the business this year will help the business grow even more. SafeSkys, a leading Environmental and Air Traffic Control services provider to UK and International airports, will go under Air Partner ownership and will relocate to its headquarters in London Gatwick from November.
Apart from this acquisition, the Board is also working towards a growth strategy, assessing investment opportunities to enhance or extend the services and capabilities offered to the customers. Delivering exceptional service and value to the customers is what will strengthen and advance their market position.
Air Partner was founded in 1961 and is a global aviation services group that provides worldwide solutions to industry, commerce, governments, and private individuals. It is divided in two division – the Broking division that covers air charter broking and remarketing and the Consulting & Training division comprising of Baines Simmons, Clockwork Research, SafeSkys, and Air Partner’s Emergency Planning Division. It is headquartered alongside Gatwick airport and it operates 24/7 all year round with 20 offices globally.