Spanish charter firm’s sales take off
Spanish aircraft charter and management firm Executive Airlines has seen its sales rocket from $12 million in 2005 to more than $26 million last year, and implementation of current plans should result in sales of more than $47 million this year.
This fantastic growth reflects the strong Spanish market, particularly at the company’s locations in Barcelona and Madrid, but also the management’s skills in attracting new business. Executive Airlines is a member of Jet Aviation’s Skylliance and of Gain Jet, a cooperation program aiming at optimizing fleet operations and resources.
The company is headquartered in Barcelona and runs an FBO at that city’s El Prat Airport, and another one at Madrid Torrejon. A third FBO is planned to open next month at the new general aviation terminal at Valencia Airport. Amenities offered at all three locations include passenger and crew lounges, briefing rooms and handling services.
The company has a fleet of 13 executive jets ranging from two Cessna CJ1s to a Gulfstream G550. The aircraft are partially owned and partially managed. Three additional jets joined the fleet this year (a Gulfstream G200, G550 and a GIV-SP) and the company plans to add a G150, two G200s, two G550s and a Cessna Citation Sovereign before the end of the year. In addition, Executive Airlines is negotiating further management contracts to start in 2008 and 2009. The company is also assessing the feasibility of introducing VLJs to the Spanish charter market, which would allow additional users.