Asia has seen strong growth in the private charter market over the first nine months of the year, outperforming the global average (based on WingX figures), and Air Charter Service’s business in the Southeast part of the region has seen its Singapore office experience growth in that period, arranging 61% more charters than at the same stage last year.
Brendan Toomey, ACS Singapore’s CEO, said: “We have had a great first nine months of the year, with charter numbers up by 61%, and we surpassed last year’s total last month. We have seen even larger growth in revenue figures, as we are up 155% on last year.
“The economic climate of the region, and Singapore in particular, has played its part in our success. With many companies relocating their regional headquarters out of Hong Kong in recent years, Singapore has benefitted, emerging as one of the top choices for several global corporations. The country’s growth is not only in the business world, it is also one of Asia’s main aviation hubs – the fourth busiest airport in the world for international passengers and an extremely busy one with cargo shipments,” Toomey said.
“Our revenue has been buoyed, in part, by a series of large cargo aircraft charters that we arranged between Cambodia and Thailand, following the border closures in the region a few months ago, but underlying growth is still strong, at 65%. By the end of this year, we are set to have record levels both of charter numbers and revenue, our best since we opened in 2020. It’s an exciting time for the office – we have an amazing group here, and we are looking to add new members to the team over the coming months to cope with our growth in business.”
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