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On board with Air London

Article Abstract:

Air London International has reported a profit over ten years but the size of this profit has varied. The company reported a rise in profit to 2.2 million pounds sterling for the 12 months to Jul 1996 compared with 1.1 million pounds for the previous year. Commercial aircraft chartering accounts for 62% of Air London's sales, and executive aircraft operations account for some 25% of sales. The company holds 55% of Air Partner International which is performing well. Air London's profit is forecast at 2.2 million pounds again for 1996 to 1997 by Beeson Gregory.

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Bonus points

Article Abstract:

Air London International charters airlines and the commercial aircraft division deals with companies needing air transport for product launches, sports meetings and the like. There is an executive aircraft division which accounts for some 25% of sales, and this market is growing. Air Partner International is a subsidiary in Paris, France, in which Air London holds a 55% stake. The company's profit is forecast at 2.2 million pounds sterling for 1997 by Beeson Gregory, though Hoare Govett forecasts a profit of 2.6 million pounds.

Travel agents

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Back on course

Article Abstract:

Air Partner is and air charter broker which was previously called Air London, and the company's stock price dropped in early 1999 after a warning of a drop in demand. The company still offers opportunities as a long-term investment, and the stock price fall appears to be an overreaction. US and German sales have increased, while the UK accounts for a smaller proportion of business. The company has gained business from the cnflict in the Balkans since the British defense ministry is among its clients.

Charter airlines, Air Partners L.P.

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