September 25 - Air Charter Service (ACS) has reported a 41 percent year-on-year increase in business for the first six months of 2015.
ACS chairman Chris Leach explained that the overall increase in revenue, charters and profit was evenly spread around the world, with Russia the only region seeing no growth, and the company's UK and Far East offices topping the charts.
"We are pleased to see the continued recovery of the cargo charter market after two years of virtual stagnation. Our cargo department in particular has had a booming first half of the year, seeing a 60 percent increase," he said.
ACS remains debt free, with bank funds of GBP11.7 million (USD17.8 million) worldwide at the end of the first half of 2015 - a 33 percent increase compared with the same period in 2014.
"Overall profits have more than doubled year on year, a large amount of which we are again reinvesting in our global infrastructure. We have revamped our websites and are opening new offices - most recently Geneva in May - with two more planned in the coming six months, which will take our total to 20 around the globe," added Leach.
ACS chairman, Chris Leach.
