Private jet specialist Air Charter Service (ACS) has increased its market share by organising more trips with larger aircraft.
The London-based broker said private jet volumes rose by 13 per cent, while the division’s gross profit went up by 19 per cent for its last financial year ending on January 31, 2016.
ACS chairman Chris Leach said that this increase was due to “breaking more into the larger aircraft market” compared to the previous year.
“To arrange more than 10,000 charter contracts and achieve a turnover of half a billion dollars is a remarkable feat and a fantastic way to end our 25th anniversary year,” added Leach.
“The strong increase was fairly evenly spread across our 20 offices worldwide, except for a downturn in our Russian offices’ fortunes, due to the troubles in that region.
“Our private jet division has enjoyed a steady year. Aside from Russia which brought our global figures down, the growth is spread fairly evenly around our global offices with our UK, US and UAE (United Arab Emirates) offices the real star performers.”