Air Partner is opening a New York office and launching a wholly-owned subsidiary called Pinnacle Aviation Management. Pinnacle specialises in sourcing, wet leasing and relocating under-utilised aircraft, and then remarketing them through Air Partner, which is a broker. "The new operation was formed following demand for additional aircraft capacity within segments of the US charter market. Early indications have revealed that there is a need for this kind of organisation from European airlines as well as traditional ad-hoc charters," said a spokesperson for Air Partner.