Latest news from Heavy Lift & Project Forwarding International Magazine

Unexpected weak trading at Air Partner

July 28 - Air Partner's freight division continues to show progress, albeit from a low base, but this was offset by weaker than expected group trading in the period since the company's AGM in June.

Air Partner claims that this was primarily due to a poor performance in the company's commercial jet division, which has seen a continued absence of material ad hoc projects.

Trading in the rest of the group is in line with management expectations, said Air Partner, with the private jet division delivering strong performances across the USA and the UK.

The impact of the weak commercial jet performance means that the board now believes that the group results for the six months ending July 31 will be a pre-tax profit of not less that GBP1.1 million (USD1.8 million).

The board currently expects the 2014 second half performance to be in line with previous years.

Air Partner said that the air charter sector has always operated in an environment of limited visibility and late order bookings, and having identified the specific area of weak performance, the company is confident that its long term prospects remain robust.

Although disappointed with the company's poor performance in the commercial jet division, Mark Briffa, ceo of Air Partner, commented: "We remain confident in our overall strategy which is progressing across the private jet division, oil and gas sectors, tour operating division and in the US."

www.airpartner.com

Heavy Lift | News

USA ends steel and aluminium tariffs on Canada and Mexico thumbnail image

USA ends steel and aluminium tariffs on Canada and Mexico

May 24 - The USA is removing steel and aluminium tariffs imposed on Canada and Mexico under Section 232 of the Trade Expansion Act of 1962, with all retaliatory tariffs on US goods and any pending litigation also coming to an end.
Views: 353
Maxim names duo for Pacific Northwest thumbnail image

Maxim names duo for Pacific Northwest

May 24 - Maxim Crane Works has appointed Travis Wilt and Alex Clark to lead the expansion of its services in the Pacific Northwest region of North America. 
Views: 365
PPG restructures training course thumbnail image

PPG restructures training course

May 24 - The Project Professionals Group (PPG) has restructured its project cargo forwarding training course into a one-day format.
Views: 331
Crosby acquires Gunnebo Industries thumbnail image

Crosby acquires Gunnebo Industries

May 24 - Lifting, rigging and material handling equipment supplier the Crosby Group has acquired Sweden-headquartered Gunnebo Industries from Nordic private equity firm Segulah.
Views: 417

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.