Air Partner Share Discussion Threads

[qs99] 02/6/2020 07:53

Why should only £6m pa be the new normal? COVID is not going away, fear is not going away soon, avoiding crowded airlines will be required for many who can afford it, not all airlines will survive possibly adding a squeeze on supply.....all IMO, but why should AIR not make £10m+ going forward for instance?DYOR

[studentinvestor13] 02/6/2020 07:48

New thought if I were to believe £6m profit a year is the new normal after coronavirus because of the multiple year shifts in air travel, then why should this not be valued on a market cap of £80-85m or more like 150p

This wont happen in one day but maybe even it could in the third quarter if the following trading updates are good or we get a second wave.

[qs99] 02/6/2020 07:42

£1 today? DYOR

[mnomis] 30/5/2020 05:09

Thanks all for the contributions - very happy shareholder. Crazy reading some comments that if not for Covid-19, would be having a poor year. Some free advice, consider major global events in your analysis. GLA and DYOR.

[qs99] 29/5/2020 09:43

Really interesting thanks all. Looks like IMO demand is staying high! Dyor

[studentinvestor13] 29/5/2020 07:10

This is a few weeks old

Fruit picker flights boost plane charter firm Air Partner

Plane charter business Air Partner has been boosted by a scramble to fly in migrant workers who can pick Britain's crops, amid growing fears of a huge staff shortage.

The London-listed firm said demand for its planes hit record levels as the world was gripped by coronavirus lockdowns in April – driven partly by demand for aircraft to bring agricultural labourers to Britain.

[galatea99] 28/5/2020 16:24

Here's another article referring to David McCown's interview that StudentInvestor 13 found in Air Cargo News:



Extracts:

"Jet card and on-demand private jet broker Air Partner says inquiries are for travel through August
A day after Sentient Jet reported quote requests had increased 241% from March lows, private jet charter broker Air Partner says it too is seeing a tidal wave of interest.

The publicly traded seller of jet cards and on-demand charter said in a press release issued this morning that year-over-year inquiries were up 210%.

“We expect that as the travel industry rebounds, private aviation will be extremely busy, including an influx of those who have never flown privately before due to the enhanced safeguarding measures in place. As that time comes, travelers can rest assured that they’re in safe and experienced hands with Air Partner,” said David McCown, Air Partner’s U.S. president."

"In addition to on-demand charter, Air Partner said it is seeing increased interest in its jet card and corporate shuttle programs.

Air Partner said the surge in year-over-year requests comes from both business and leisure travelers.

McCown added, “When booking a flight with Air Partner, travelers work closely with a dedicated account manager who coordinates all aspects of the flight logistics. Available 24/7, Air Partner’s expert team is kept fully briefed on all COVID-19 developments, including the latest in local laws, health regulations, travel restrictions and airport openings.”

Air Partner also taps into its Redline Assured Security to offer travel advice using both human and AI-driven intelligence to assess and mitigate risk for clients flying amid Covid-19. "

"A TIDAL WAVE OF INTEREST"!

[qs99] 28/5/2020 13:32

thanks student....nice find

[dan_the_epic] 28/5/2020 13:20

Interesting thanks. Demand could be strong for a while yet. RNS piqued my interest.

[ntv] 28/5/2020 12:36

nice find studentInvestor13

[studentinvestor13] 27/5/2020 22:54

Nice. also this out

Air Partner sees renewed interest for private flights, following eased COVID-19 restrictions
By: AJOT | May 27 2020 at 11:42 AM | Air Cargo News
As governments across the globe begin to ease COVID-19 restrictions, Air Partner’s global private aviation team saw more than a 210% increase in request volumes for future flight bookings during May, compared to last May. This uptick in inquiries is for private flights heading into June through August, with many clients – ranging from individuals to corporations – seeking alternative solutions for flying to frequented leisure destinations or traveling for essential business matters. With Air Partner’s accumulated expertise spanning the past 60 years, the company is able to offer unparalleled guidance to travelers flying during the COVID-19 pandemic and ensure that every detail of their trip is expertly managed.
“We’re dedicated to delivering a memorable and safe private aviation experience for our clients. With the world facing unprecedented challenges today, we know our clients truly appreciate the added levels of assurance and operational excellence we’re able to provide for their flights,” said David McCown, president of Air Partner U.S. “We expect that as the travel industry rebounds, private aviation will be extremely busy, including an influx of those who have never flown privately before due to the enhanced safeguarding measures in place. As that time comes, travelers can rest assured that they’re in safe and experienced hands with Air Partner.”
When booking a flight with Air Partner, travelers work closely with a dedicated account manager who coordinates all aspects of the flight logistics. Available 24/7, Air Partner’s expert team is kept fully briefed on all COVID-19 developments, including the latest in local laws, health regulations, travel restrictions and airport openings. Through its dedicated Safety & Security division, Air Partner uses Redline Assured Security to offer travel advice using both human and AI-driven intelligence to assess and mitigate risk for clients flying amid COVID-19.
Recently, Air Partner demonstrated its experience managing new stringent health protocols and logistical challenges on a private flight for a corporation that needed to transport employees for a ship crew rotation near Italy. As part of its new “Air Partner Protect” program, a paramedic was made available on-site prior to take-off to conduct health screenings with a scanned temperature reading for crew and passengers. The passengers were also socially distanced on board with spaced seating arrangements. In addition, Air Partner’s charter specialists coordinated between the origin airport, which was closed due to travel restrictions, to open specifically for the flight, and then also made arrangements for the passengers to bypass the arrival airport terminal and proceed directly to their vessel.
With commercial airlines drastically cutting their schedules and also, less nonstop routes available, Air Partner offers flying programs that meet the needs of those who have to travel more frequently. With offerings such as a JetCard membership and tailored Corporate Shuttle Program, clients can fly according to any unique flight requirements. Frequent flyers may prefer to fly at a fixed hourly rate with Air Partner’s JetCard membership – the most flexible program of its kind on the market – to get between cities conveniently for essential business meetings, family visits and other critical trips. Additionally, groups seeking viable air transportation options for inter-office employee travel and remote crew movements are scheduling flights with Air Partner’s Corporate Shuttle Program, either arranging their private flights as a regularly scheduled series of flights or on an as-needed basis.

[freedom1303] 27/5/2020 06:24

Finally some director buying. Whilst this probably means no near term price sensitive information.. it should start to change sentiment and momentum. There has been a reasonable amount of stock turnover and I have decided to double up my holding from 750k to 1.5m shares with a buy top for the moment of 85p. So let's see how we go in the next few sessions. 225p my personal target for YE 2021.

[studentinvestor13] 26/5/2020 17:19

Value this simples.. 5m normal profit after tax a year. End this year with 5m net cash. Put it on a 10x multiple. Add the 5m in, 55m market value today. Nice round 100p objective. Before the accounting mess up this was a 16x business. 12x after.

Big covid winner and share price is below covid starting. Noice.

You also be mad to think the business is not stronger with customers on the other side.

Buy the dips crew.

[studentinvestor13] 26/5/2020 08:57

Investors. I bought the dip to 40p and I am buying it to 60p. See you all at £1+

[dan_the_epic] 26/5/2020 07:05

My mistake, an upscaled contract

[qs99] 26/5/2020 06:32

all helps.....

[trident5] 22/5/2020 11:46

Seems a big part of CEO's package is based on underlying profits.

Underlying profits exclude these acquisition costs:
- amortisation of purchased goodwill £0.6m
- acquisition costs £0.6m
- goodwill impairment £1.9m

That's a total of £3.1m

It also seems that paying tax in France and advice thereon is deemed exceptional - £0.7m

The Rem Com could be doing a better job of aligning senior pay to the results that shareholders experience.

Last year the costs associated with the accounting review were also excluded from underlying profits.

[qs99] 22/5/2020 10:16

personally I think this may take a breather, some will take profits, some may try and short it if they are that passionate about this stock being rubbish! But if next 4-6 week update shows that May and June are stonking months and maybe July and therefore August are trading OK, then this will be through a quid IMO!!

DYOR as ever, good weekends

[trident5] 22/5/2020 09:54

"What part of Lumpy / cyclical business don't people understand."

You should take this point up with the CEO as presumably this is behind the acquisition strategy to diversify this away.

[qs99] 22/5/2020 09:38

fair post and I agree, hence buying in in the 40s and upwards.

the KEY here is management, tight control of costs, improving gross margins, getting the sales team working and not fekin up!!!

DYOR