The Source For
Jet Card Research

Monday, November 29, 2021

Air Partner plc has reported strong growth in its JetCard product, driven by US activity. The company says bookings, members and customer deposits are up globally as travel restrictions ease.

Overall, their private jet business has seen a 56.8% increase in JetCard bookings globally from 1 February to 30 June compared to the same period last year, indicating that leisure travelers are increasingly looking to secure flexible and safe travel now that travel restrictions have been eased. The number of new members is also up 36.8% year-on-year, while customer deposits are up 85.2%.

This growth has primarily been driven by the strong performance in the USA, where the large domestic market has enabled high-net-worth individuals (HNWIs) to continue flying. This has led to a 152.9% year-on-year increase in bookings and 225.0% increase in new JetCard members. The value of JetCard customer deposits in the US is also up 112.8% year-on-year.

Air Partner says momentum is starting to build in the UK private jets business, with activity now back at pre-COVID levels, and the company expects this to continue as the vaccine roll-out drives the return of business and leisure travel. JetCard bookings are up 6.3% and customer deposits are up 82.4% year-on-year.

Mark Briffa, Group CEO of Air Partner plc, commented: "It is extremely encouraging to see such strong growth in our Private Jets business, particularly in the US, and the growing popularity of our JetCard product among both new and existing customers globally. In this environment, customers especially value the flexibility offered by our JetCard in case they need to change their flight plans, as well as the security of knowing a flight will be available to them should they need one at short notice."

David McCown, President of Air Partner Americas, added: “We are very pleased to see sustained demand from high-net-worth individuals in the US, who have come to rely on our JetCard product for their flying needs throughout the pandemic. We have seen strong growth in deposits and bookings from both new and existing customers, and we expect to see the momentum continue.”

Air Partner has 16 locations across three continents, with its headquarters located alongside Gatwick airport in the UK. The group employs around 420 aviation professionals globally. Air Partner is listed on the London Stock Exchange with the symbol AIR.

The company has been doing well. Last year it had good first half results and reported increasing interest in their JetCard product.

JetCard