Global brokerage Air Charter Service (ACS) has seen a significant uptick in business in the Greater China region, noting that both its Shanghai and Hong Kong offices are enjoying their best year yet in terms of charter numbers.
Calling the results “remarkable,” ACS noted that its air charter revenue is up across all three of its offices in the region, also including one in Beijing. In Hong Kong, revenue is up by 18% year over year, and charter numbers are up by 40% thus far in Shanghai.
“This year has seen the growth plans that we put in place last year really start to pay dividends,” said ACS CEO Justin Bowman. “Last year, we identified that we needed to better focus on targeting the second largest economy in the world, and so split our other Asia-Pacific operations from the Greater China market."
He noted that the company’s leadership of James Royds-Jones, regional director for Greater China, and Wanny Wu, deputy regional director and head of Mainland China offices, implemented those plans, managing a team of 50 in the region.
ACS entered the region 16 years ago in Hong Kong and built on that presence with offices in Beijing and Shanghai, both of which Royds-Jones said are “thriving.”