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Mega-rich charge up private jet cards as they plan a summer of international travel In the US, sales and renewals were up 54 per cent, and deposits from new customers rose more than five-fold, to £300,000. (Getty Images) The rich are preparing for a summer of international travel by charging up their private jet travel cards, according to one of the industry’s biggest players. Air Partner said new UK customers have added £750,000 worth of deposits to their so-called JetCards with the company in February and March alone. It also saw a 15 per cent rise in sales and renewals...

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...

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 /Bloomberg  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:   Searches in the bank’s 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. “The...

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...