Air Partner’s JetCard deposits rise significantly
Yves Le Marquand
23rd April 2021, 8:56
Air Partner’s Private Jets division has seen a significant year-on-year increase in JetCard deposits in February and March 2021. Growth was particularly strong in the US domestic market, which has seen a 500% increase in new JetCards sold year-on-year (YoY).
The US business also recorded a 450% increase in deposits from new customers amounting to £300,000. Total JetCard deposits, from both new and existing customers, amounted to nearly £1.4m, a 30% increase on the same period last year.
Mark Briffa, CEO of Air Partner, said: “
The US private jet market is one vast, domestic market so it has not been subject to the types of restrictions and national lockdowns that we have seen in the UK and Europe. As a result, the skies have remained open and we have seen sustained private leisure flying from high-net-worth individuals in the region. It is no surprise to see this demand continue, w
Oilex raises funds to take full control of Indian gas project
A look at the major movers on the London market on Wednesday
Oilex Limited (LON:OEX) has seen its shares gush up after it finalised the funding to take full control of an Indian gas project, something it has been trying to do for more than four years.
It has wanted to buy the 55% of the Cambay field it does not own since 2016 but it got into a spat with its partner - the state-backed Gujarat State Petroleum Corporation Limited (GSPC) - over expense payments which at one point went to an Indian court.
Greensill Bank s office in Bremen
Credit:
Markus Hibbeler /BloombergÂ
Bloomberg reports prosecutors are raiding the offices of Greensill bank, the lender that collapsed recently with billions of debts.
The homes of five suspects in Bremen were also raided by prosecutors investigating accounting irregularities, the publication said.
Bloomberg has the details: Â
Searches in the bankâs offices started last week and are continuing, said Frank Passade, a spokesman for prosecutors. Investigators on Tuesday also raided the homes of some of the five suspects in the probe. âThe raid continues as long as we say it continues,â Passade said. âThis gives us the opportunity to get into the bankâs offices whenever we need it.â
Catena Group jumps after buying machine learning group for £27.9mln
A look at the major movers on the London market on Wednesday
1.19pm: Deal lifts acquisition specialist
Catena Group PLC (LON:CTNA) has seen its shares surge after the AIM-listed holding company unveiled a £27.9mln deal and returned from September s suspension.
Its is paying a mixture of cash and shares for Insight, a data science and machine learning solutions company. It already owns 9.1% of Insight, and the acquisition counts as a reverse takeover and needs shareholder approval.
In the market shares in Catena - which will change its name to Insig AI PLC after completion - have jumped 14.9p or 25.25% to 73.9p.
Oilex raises funds to take full control of Indian gas project
A look at the major movers on the London market on Wednesday
Oilex Limited (LON:OEX) has seen its shares gush up after it finalised the funding to take full control of an Indian gas project, something it has been trying to do for more than four years.
It has wanted to buy the 55% of the Cambay field it does not own since 2016 but it got into a spat with its partner - the state-backed Gujarat State Petroleum Corporation Limited (GSPC) - over expense payments which at one point went to an Indian court.