Al Bateen Executive Airport (Stand C600) handled nearly 100 private aircraft movements during the recent Ethiad Airways Formula 1 Grand Prix in mid-November. While the peak traffic days were November 13 and 14 overall traffic increased 17 percent when compared with the number of aircraft handled during the 2009 race. Aircraft as large as a VIP Boeing 757 landed at Al Bateen, a former military airbase.
Abu Dhabi’s Al Bateen Executive Airport will commission its new instrument landing system and GNSS/VOR/DME-based precision approach this month, ending its VFR-only limitation. The former military air base now lays claim to being the Middle East’s only dedicated business aviation airport and further redevelopment is planned as it prepares to double its annual movements to more than 12,000 by 2014.
Mubadala Aerospace is positioning itself as a tier-one supplier of large composite structures to Airbus or Boeing for future single-aisle aircraft as part of its continuing drive to become a top player in the global aerospace industry. “We’re looking at a stake of up to 20 percent in the composites content of any new aircraft,” executive director, aerospace unit, Homaid Al Shemmari, said yesterday.
Al Bateen Executive, the Gulf region’s first dedicated private aviation airport, reported a 30-percent increase in aircraft movements in the first quarter of this year, compared to the same period last year. The airport is located minutes from the city center of Abu Dhabi, the capital of the United Arab Emirates.
Abu Dhabi-based investment firm Aabar Investments is investing a further $20 million in charter provider XOJet. The move came just four months after XOJet secured $470 million in additional funding from a group led by TPG, a Fort Worth-based private equity firm, and Aabar. Meanwhile, Aabar and XOjet said they plan to form a joint venture in the UAE to provide aviation services in the Middle East and North Africa.
XOJet has secured $470 million in additional financing, including $100 million in equity and a “more flexible debt facility” of $370 million that allows for the purchase of either new or used aircraft. The financing was led by TPG, a Fort Worth-based private equity firm, and Aabar, an Abu Dhabi-based investment firm. XOJet plans to use the additional capital to expand its charter aircraft operations.
Abu Dhabi’s Etihad Airways plans to spend $750 million on its workforce, fleet, in-flight service and planning and resourcing systems to support record-breaking airplane and engine orders placed at the last Farnborough and Paris Air Shows.
Boeing and Mubadala Development Co. yesterday signed a so-called strategic framework agreement covering “key” areas of collaboration, including such “mutual beneficial areas” as composite manufacturing, engineering, research and development, commercial maintenance, repair and overhaul, military maintenance and sustainment, pilot training and people development.
The BAE Systems Avro Business Jet (ABJ), which is based on the venerable BAe146/Avro RJ four-engine regional jet, is making its Dubai Airshow debut this week as BAE’s Asset Management arm vies to build on recent successes.
Abu Dhabi-based Royal Jet’s diversification and five-year plan have helped maintain its growth during the last year, according to Shane O’Hare, president and CEO. “This has been a good year for Royal Jet. Our business has grown in a declining market, which has increased our market share in the region,” he said at a press conference here yesterday.