Story ID: AN2091814alerts
London Executive Aviation Reports Banner Year
By: Chad Trautvetter
Caption: Revenue rose by 23 percent, “reflecting stronger charter demand and growth in the company’s aircraft management revenues.”
Word Count: 91
UK-based air charter company London Executive Aviation (LEA) recorded its strongest ever financial and operational performance, the company announced today. In its Fiscal Year that ended March 31, LEA saw revenue rise by 23 percent, to £33.2 million ($54.1 million), “reflecting stronger charter demand and growth in the company’s aircraft management revenues.” In the same period, its flight hours increased by 16 percent and the number of aircraft movements climbed by 18 percent. Charter demand was also “noticeably stronger,” with an 18-percent upturn in the number of quotes given and 12-percent growth in bookings.