Latest news from Heavy Lift & Project Forwarding International Magazine

ACS' revenue soars

Air Charter Service (ACS) has reported that the company's revenue was USD677 million in the financial year ending January 31, 2018, a 39 percent increase on the previous year.

The broker arranged almost 15,000 contracts in 2017, across all divisions, up from 12,500 in 2016. Cargo flights increased by 11 percent year-on-year to 4,300 contracts arranged.

Group ceo, Justin Bowman, added: "Our cargo figure of GBP213 million (USD300 million) was somewhat boosted by charters related to the hurricanes in the Caribbean and the southern states of America, along with other one-off contracts, but underlying growth is still impressive."

Out of its 20 worldwide offices, 14 experience at least double-digit growth, says ACS, with its European, American and Far Eastern offices proving to be the star performers.

Bowman concluded: "It is an exciting time at ACS right now - two weeks ago we opened our 21st office, in Manhattan, and we have plans for several more in the next 12 months."

 

www.aircharterservice.com

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