Air Charter Service (ACS) has had a record month, with revenue passing £40 million ($48.6 million) in November.

The company says all three main divisions: cargo, private jets and commercial aircraft saw marked increases, and the onboard courier team performed well.

Group chief executive officer, Justin Bowman this is a major step in the goal of becoming a billion dollar company.

He says: “We are not resting on our laurels though and know that there is a lot more hard work to do as we go into 2017.”

“This landmark month, combined with our new partnership with Alcuin Capital, means that this year is already shaping up to be an exciting one for everyone involved at ACS.”