Strong growth for ACS

BROKER Air Charter Service (ACS) enjoyed a strong first half of the year with both revenue and charter numbers up across all three divisions of the company, writes Thelma Etim, deputy editor.

Chairman Chris Leach observes: “The figures across the board make pleasant reading. Every department – private jets, commercial airliners and cargo – has grown by more than 10 per cent in terms of number of charters, and our overall revenue increased by 10 per cent  to £135m (US$230m) for the six months endingJuly 31 2014.

“Commercial Jets is our newest division and therefore, understandably, had the largest increase in terms of growth which justifies our strong investment in staffing and technology, with plans to expand this offering to some of our offices which currently do not have commercial jet specialists.”

Leach goes on to reveal that the ACS cargo business has recovered well from 2013, “which, I think everyone in the industry would agree, was a bad year for the overall market and, after a slow start to this year, charter numbers are up by 22 per cent year-on-year.”

He also notes: “Whilst some offices in our private jet division have grown more than others around the world, the growth is very evenly spread, with no market-driven particular variances of note, but overall a pleasing increase of 10.2 per cent in number of charters.”

The results also show much stronger growth in the second quarter. "If the trend of the past three months continues into the second half of the year, then we are on course to enjoy a record year in revenue and sales,” Leach adds.

The results reflect ACS’s continuous investment in global infrastructure. "We have hired top talent around the globe and developed our IT systems and product offerings, as well as opening new offices – most recently Houston in May.

"It is extremely pleasing to see these investments pay off. I believe that if we continue to invest in the same way as we have been, then we will achieve our ultimate aim of becoming the largest charter brokerage house in the world across all three sectors in the next five or 10 years.”

Share this story

Related Topics

Latest business news

DHL Express adds direct Hong Kong-Australia freighter flights

DHL Express has added a new flight between Hong Kong and Oceania to cater for rising demand. The new service…

Read More

Share this story

Dachser takes majority stake in Dachser & Fercam Italia

Dachser has acquired 80% of the shares in the joint venture Dachser & Fercam Italia, effective March 28. This completes…

Read More

Share this story

Chinese airlines to increase transpacific bellyhold capacity

Chinese airlines will in April increase the amount of bellyhold capacity they operate on flights to the US following approval…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.