StockMarketWire.com - Aviation services group Air Partner forecast lower first-half profit, though said it continued to see a strong recovery in its private jets division.

For the first half of the financial year, 1 February to 31 July 2021, the company said it now expected to deliver an underlying pre-tax profit of no less than £3.7 million. That compared with a profit of £10.5 million in 2020.

'Our JetCard product has performed particularly well in the first half of our financial year, with global bookings up 46% and the number of new members up 71% compared to the same period last year,' the company said.

'The value of deposits by new JetCard members is also up 130% on the prior year.'

Looking ahead, the company said it remained 'encouraged by this performance and is optimistic about the prospects for both the Charter and safety & security divisions for the rest of the financial year.'

Air Partner also announced that it has acquired Kenyon International Emergency Services, an emergency planning and incident response company, from PT Lobos, for up to $11.7 million.

'The acquisition will immediately enhance our existing consulting, training and emergency response activities and adds new post-emergency capabilities in incident management, as well as extending our sector reach and global offering,' the company said.



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