Strong market conditions, strategic investments and significant client retention rates have propelled the ACC charter, leasing and consulting divisions to a successful second quarter of 2023.
Entering Q1 2023, operators were highly focused on securing capacity for the upcoming peak season. As a result, ACC’s leasing division experienced an overwhelmingly positive continuation into Q2 – with short and long-term ACMI capacity in heightened demand, the company said.
As most contracts were inked between February and April, Q2 saw significantly diminished floating capacity in the market, which has continued throughout the quarter.
ACC charter division
ACC’s charter divisions experienced strong demand from the entertainment and sports sectors, while incentive charter flight bookings also displayed notable growth in Q2. Through a combination of new business wins and highly positive retention rates, ACC’s charter teams continued to demonstrate the significance of their value-added approach to clients worldwide.
In the US, the Boeing 757 operated by Freedom II has commitments through to the end of 2023.
ACC’s consulting division enjoyed an extremely productive Q2 with “growth” as the market keyword. Unprecedented aircraft sourcing and advisory assignments reflected a highly positive market focused on scaling up. An upbeat market tempo met with the still-recent memory of MRO bottlenecks, and, as a result, many operators looked to grow resources from all sides.
Q2 charter activity
Significant growth in the entertainment sector, with many bands and artists touring
The appointment of Hassan Chamas as Head of Charter – Middle East
A notable increase in incentives activity
High level of client retention and repeat client bookings across the business
Q3 charter outlook
The MICE sector is set to show healthy signs of recovery after a fairly dormant post-covid period. Supply side availability for charter operations will likely improve past the summer, but for now both Europe and USA have limited aircraft supply. The B757 operated by Freedom II will remain available for ad-hoc charter segments in September and December 2023.
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