Air Partner eyes further acquisitions after positive start to the year

Air Partner, which provides aviation services, has provided a trading update at its annual general meeting (AGM), saying the financial first quarter is progressing well and that it is on the lookout for further acquisitions.
For the financial year ended January 31, Air Partner made a profit before tax of £4.3m while its freight business doubled profits after performing particularly well in the UK and Germany.
At the AGM, company chief executive Mark Briffa said Air Partner had made a positive start to the year and trading had continued at similar levels to last year with all parts of the business contributing to the positive start.

Briffa said: “Integration of Cabot Aviation and Baines Simmons, which the Group acquired last year, has been completed and there is clear opportunity to grow these businesses in the years ahead.

“We continue to assess investment opportunities, both organic and acquisitions, which will further add or enhance the services and capabilities we can provide to our clients across the world.

“The Group continues to maintain a strong net cash position and we remain optimistic about the Group’s prospects for the remainder of the year.”

Share this story
Facebook
Twitter
LinkedIn

Related topics

Latest charter company news

Air Partner expands Middle East operations with new Dubai office

By Rachelle Harry

Global aviation services provide Air Partner has set up a new office in Dubai as it looks to expand its…

Read More

CharterSync in the big league with first An-124 freighter move

Recently-launched air charter platform CharterSync put its systems to the test when a freight forwarder wanted a 50-tonne shipment moved…

Read More

Chapman Freeborn and AIA Cargo announce Ireland tie up

By Rachelle Harry

Chapman Freeborn Air chartering has collaborated with Airbridge International Agencies (AIA) Cargo to strengthen both companies’ presence in Ireland. UK-headquartered…

Read More