Global aviation services company Air Partner Group enjoyed a good first half of the year, reporting an underlying operating profit in its freight division of just over US$600,000, compared to breaking even during the same period last year.
The company said it has benefited from developing stronger relationships and a good reputation with freight forwarders. It also said that freight remains a key component of its aviation service.
Gross profits in the airfreight division, year-over-year, rose by 52 percent to $1.3 million, the U.K.-based company said. Overall profits before taxes doubled, year-over-year, rising from $1.6 million last year to $3.3 million for the first six months of 2015.
This past year, Air Partner acquired aircraft re-marketing broker, Cabot Aviation, for $1.66 million and Baines Simmons – specialists in aviation regulations, compliance and safety – for about $9 million. The company said both employees and customers have expressed positive response to the acquisitions.
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