Press Release

Issued by Centreline.

February 24, 2015

Leading aircraft management and charter company, Centreline Air Charter, has reported that the 12 month period from January 2014 to January 2015 has been the most profitable in its history, seeing an increase of almost 100%.

Centreline Air Charter, a subsidiary company of business aviation group, Bristol Flying Centre, has grown by 40% over the past six years and has established its fleet to become a UK leader in the operation of CitationJet aircraft. The company is now looking to diversify its operation by managing different aircraft types and is reviewing ways to grow its business further, which could mean creating alliances or merging with other companies.

Commenting on the company's performance and growth plans, director, Phil Brockwell said “We have succeeded in managing our fleet effectively and have achieved almost maximum efficiency in our aircraft utilisation through early adoption of new technology, which has enabled us to offer value to both owners and charter clients. There has also been a decrease in light aircraft fleet size in the UK which has added to the demand for our product.”

Brockwell added, “To take our business to the next level we have targeted the management of larger aircraft types and this is looking extremely positive. The board of Bristol Flying Centre and Centreline Air Charter recognises that one of the directions in which to take the business, to achieve the kind of growth we foresee, may be to create partnerships with companies that fit well with our current structure and operation. We continue to keep an open mind and investigate possibilities whilst building the business through aircraft management and charter”.

Bristol Flying Centre as a whole also saw a 100% increase in pre-tax profits on 2013 figures, significantly higher than its pre-recession achievements.