Thursday, June 2, 2016

#UK - Air Partner PLC (LON:AIR) flying high in tough private jet sector, says chief: ProactiveInvestors Stocktube

Published on 2 Jun 2016
Chartered commercial and private aircraft specialist, Air Partner PLC (LON:AIR), is bucking the trend and growing in the luxury air travel market, says chief executive Mark Briffa.

“If you look at the private jet space today, a lot of the numbers coming out are pretty much saying that it’s flat or it’s not growing,” says Briffa, adding “that’s not where we are”.

Briffa also explained the reasoning behind the company’s latest acquisition, Baines Simmons, an aviation safety consultancy it acquired last summer for £6mln.

“We felt it’s a space…where we see a growing market not crowded with competition, but fundamentally for us as well it’s all around adding more value to the customer.”

Briffa adds that Air Partner is always on the lookout for further acquisitions, but stresses that it must be the “right opportunity”.

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