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.
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