UK-based charter broker Air Partner today announced that it has shut down its aircraft operating division–Private Jet Operating Company (PJOC)–in a bid to stem mounting losses. PJOC has been put into administration, which is similar to U.S. Chapter 11 bankruptcy laws, after the company failed in attempts to establish a joint-venture partner for the business or to find a buyer. In financial results released today for the six months ending January… Continue reading

The Board of Air Partner plc has announced that from 31st March 2010, David Savile, Chief Executive Officer, intends to stand down from the Company after 27 years service to the Group. Mark Briffa, currently Chief Operating Officer, with responsibility for all Group trading activities, will be the new Chief Executive. Mr Briffa joined Air Partner in 1995, was appointed to the plc board in 2006 and has 20 years… Continue reading