Air Charter Service's (ACS) China offices have had a bumper year in terms of charter numbers and revenues as the company benefits from a recent re-organisation and general market growth.
ACS said that its Greater China offices had a "remarkable" first nine months of the year with a record number of aircraft charters at its Shanghai and Hong Kong bases.
The improvement comes as the company launched a dedicated division covering China to separate it from its wider Asia Pacific operation.
Justin Bowman, ACS chief executive, said: “This year has seen the growth plans that we put in place last year really start to pay dividends. Our revenue across the three offices has grown, most noticeably in Hong Kong – by 18% year-on-year. Charter numbers have also grown across the region – with our Shanghai office up by an incredible 40% so far in 2024.
“Last year we identified that we needed to better focus on targeting the second largest economy in the world, and so split our other Asia Pacific operations from the Greater China market. Our leadership team of James Royds-Jones and Wanny Wu have together helped develop those plans and have managed our team of nearly 50 people in the region in achieving them.”
As well as benefitting from a separate China business, the company would also have benefitted from an increase in charter operations out of China in response to market uncertainty, the rise of e-commerce demand and the slow recovery of passenger operations.
James Royds-Jones, regional director for ACS Greater China, added: “We opened our first Greater China operation 16 years ago, here in Hong Kong and have grown our presence substantially in that time, to now include our two thriving Mainland China offices in Beijing and Shanghai.”
As well as Shanghai and Hong Kong, the company also has an office in Beijing.
Wanny Wu, deputy regional director, and head of the Mainland China offices, added: “We have been focussing on building the strongest and most experienced team here in Shanghai, and the expansion has obviously worked well, taking the Shanghai office to new heights over this past year.”
https://www.aircargonews.net/region/americas/acs-time-critical-appoints-new-north-america-ceo/
