Press Release

Issued by Centreline.

September 4, 2013

Aircraft management and charter operator, Centreline Air Charter, has reported a significant upturn in business for the three months of the 2013 summer period, beating any performance since the recession started in 2008.

Centreline Air Charter, part of the Bristol Flying Centre (BFC) Group based at Bristol Airport and which operates five CitationJet 525 aircraft from four UK airports, reported a 35% increase in profits and a 15% increase in utilisation of its aircraft to an average of 77 hours over the months of June, July and August compared to the same period for the last five years.

BFC Group ceo, Phil Brockwell commented “This incredibly successful summer period is a result of two main factors. Firstly there had been a reduction in the supply of light jets in the UK market which has resulted in an increased demand for the Centreline Air Charter product. In addition, we have operated our aircraft at almost maximum efficiency, the key to this being a highly successful programme of selling empty legs and thus extracting maximum value from our assets. We have also increased our average sector length from 1.1 to 1.4 hours.”

Brockwell added “We are particularly pleased with these results as during this period one of our aircraft spent 20 days in our engineering facility undergoing a complete repaint which took it out of service”.

In May of 2013 Centreline Air Charter became one of the largest operators of the CJ525 when it welcomed the fifth aircraft into its fleet after taking over the management of G-LUBB.