Turbulent Times at Jet Broker
Wednesday, March 17, 2010 7:50
At Air Partner, the profits have nosedived by 77%, which charters aircraft on behalf of governements and the super-rich. According to the jet-set favourite, it is said that the pre-tax profits were down to £1 million in the six months to January 31st and called in administrators at its private jet division at Biggin Hill in Kent.
The division, with 44 staff, manage a fleet of private jets when Air Partner needed extra capacity. However it racked up losses of £1.2 million in six months.
The company’s consolidaton will allow it to focus on its key jet brokerage operation, which carries out some 30000 flights to Haiti, organ transport for the NHS as well as fire-fighting across Europe.
Related posts:
- Broker Sees Chance for Sainsbury’s to Advance
After its recent upbeat annual results many investors in J... - Broker Sees Alterian as Compelling
Analytics software maker Alterian rose 6.6% to 186p on the... - London to Cardiff Train Times to be Cut by Electric Lines
The main London to Cardiff railway line is to be... - Primark Proves Neat Fit for Tighter Times
The fashion chain—Associated British Foods is expected to announce that... - Co-op Profits Healthy
The Co-operative Group has announced a 17% rise in interim...

