24th Aug 2018 10:35
LONDON (Alliance News) - Air Partner PLC on Friday said it expects underlying pretax profit in line with forecasts for the first-half of 2018, helped by strong trading performance.
The aviation services firm said its Charter division delivered a record performance in 2017 and that strong momentum continued over the first-half of 2018.
In June, the company said it opened a new office in Los Angeles to expand its US operations. Also, in the US and Europe, Private Jets line within the division has seen good growth in both JetCard numbers and bookings throughout the first six months.
Meanwhile, in the UK, the company saw a flat start to the year. However, Commercial Jets line within the Charter unit performed well over the second quarter of 2018 with increased activity around the FIFA World Cup in Russia.
Turning to Consulting & Training division, Air Partner said it is trading in line with forecasts with some long-term contract wins.
Looking ahead, the company said it is encouraged by this "good" start to the year and remains confident in its prospects for the reminder of the year and beyond.
In addition, Air Partner said it continues to seek investment opportunities, both organic and acquisition, to enhance or extend the services and capabilities it offers to the customers.
Shares in Air Partner were trading 2.4% higher on Friday morning at 115.65 pence each.
Related Shares:
AIR.L