The Freight division at global aviation services group Air Partner has delivered a second year of record results, up 45.3 per cent for the full year ended 31 January 2019.
Freight gross profit for the year amounted to GBP 4.9 million (USD 6.2 million), accounting for 13.8 per cent of the group’s overall gross profit.
Over the course of the last financial year, the group invested in people across its regional offices, expanded its team in Turkey and established a new team in the US, in addition to winning sizeable mandates from a variety of new and existing clients, the company says.
Cargo work has been carried out across a range of sectors, including automotive, aid, aerospace and energy, with customer requirements ranging from the transportation of a small box via Air Partner’s growing on-board courier service to chartering the largest aircraft in the world, the An-225.
The introduction of a Freight offering in Fort Lauderdale has proven particularly successful, helping to push Freight gross profit and customer numbers to their highest ever level, Air Partner says. The team there had a very busy year working on numerous projects, including the co-ordination of 30 charters carrying humanitarian aid to Guam and Saipan during the typhoon season.
Outside of the US, the Turkey office arranged the transportation of 500 tonnes of construction materials to West Africa and the UK benefited from its work supporting airlines in their aircraft on ground (AOG) recovery, as well as government flying. The German office also continued to see high levels of activity from the automotive sector and delivered its 11th consecutive year of growth.
Furthermore, Air Partner opened two new offices in Singapore and Houston in early 2019, both of which offer Freight services, thereby broadening the division’s geographic reach even further.
Mike Hill, director of Freight at Air Partner, comments: “I am delighted that the Freight team has maintained the momentum from 2017 and delivered another record year in 2018.
“The new offices have created a wealth of exciting cargo opportunities across a range of sectors and regions, and we look forward to capitalising on these in the coming months. As always, we remain committed to delivering unparalleled levels of service while further growing our already enviable customer base.”
Meanwhile, Air Partner Remarketing has been awarded a contract to remarket two ATR72 cargo aircraft.
“Both aircraft are immediately available, EASA compliant, and have good airframe, engine, propeller and landing gear times remaining,” Air Partner says.
Air Partner Remarketing currently has several other exclusive mandates in progress, continuing to build on its success from last year, during which time it concluded a number of sales, including a B777-200ER for Kenya Airways, an ATR72 for Investec Bank plc and three B737-500s on behalf of airBaltic.
Tony Whitty, managing director at Air Partner, said: “We are delighted to have won the mandate to remarket these aircraft. We have extensive experience in selling cargo aircraft and look forward to using this to complete this sale on behalf of our client.”
Air Partner Remarketing is a specialist aircraft remarketing company and acts for airlines, banks, lessors and other aircraft owners to help them sell or lease any surplus commercial jets, turboprops, helicopters or corporate jets, in addition to providing aircraft acquisition support and 24/7/365 ACMI leasing service to airlines around the world.