CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Air Charter Service Opens Asian Base In Hong Kong

Air Charter Service Opens Asian Base In Hong Kong

by Mary Swire, Tax-News.com, Hong Kong

01 August 2008


The decision of Air Charter Service Plc (ACS), the UK-based worldwide passenger and cargo air charter broker, to locate a regional HQ in Hong Kong highlights the city's continued strength as a springboard to Chinese and wider Asian markets, according to InvestHK, the territory's investment promotion agency.

“Hong Kong’s strategic location at the heart of Asia and gateway to China coupled with its enduring business advantages makes the city Asia’s most popular city for international business," observed Associate Director-General of Investment Promotion at InvestHK, Mr Charles Ng.

"Nearly 3,900 overseas companies have based their regional headquarters or regional offices in Hong Kong. These businesses are a ready market offering unrivalled growth opportunities for aviation companies such as ACS," he added.

There has been exceptional growth in private jet usage in the region, with official figures from Hong Kong International Airport showing steady annual growth of between 35% and 40% in executive jet movements since 2003, a trend which is set to continue throughout Asia. ACS has opened its office in Hong Kong so it is ideally positioned to service this growing Asia-Pacific and Australasian market.

Mike Walsh, Director, ACS Hong Kong, will head up the new site supported by a team of charter brokers trained in London to handle passenger and cargo enquiries in Cantonese, Putonghua, English and Korean.

“Serving the Asia-Pacific region from Hong Kong sees the realisation of a long term dream for ACS," he commented, adding that:

“The opening of the office here in Hong Kong has been driven by our analysis of customer demand. This is a huge opportunity for ACS. Business in Hong Kong, China and the region in general is undertaken face-to-face so it was vital that we established a key team here in China.”

Tony Bauckham, Managing Director, ACS noted: “This is a significant move for ACS, our established global offices network in London, New York, Dubai and Moscow have seen an overall increase in flights consisting of both passenger and cargo of 285% over the last four years and we know that by expanding our presence into Asia these growth figures will be sustained.”

Air Charter Service (ACS) is a worldwide passenger and cargo air charter company. It was founded in the UK in 1990 and posted an annual turnover of USD175mn last year providing private aviation and air cargo services to governments, NGO's, corporations and high net worth individuals, shippers and freight forwarders.


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »