Profits surge at Air Partner
28 / 09 / 2017
Aviation services group, Air Partner reported gross profit of £18.1m for the six months to 31 July, up 12.2% on the same period of 2016. The UK-based company said it reflected strong trading performance in its broking division.
Underlying profit before tax was £4.1m, a year-on-year increase of 34.4% while the underlying operating profit for its freight activity was up 88.6% to £0.6m.
Operating highlights included renewal of a German automotive contract for a further three years and a exclusive contract to market 15 Boeing 777-200ER aircraft for Saudia.
At the same time, Air Partner announced the acquisition of SafeSkys, a provider of environmental and air traffic control services to UK and international airports.