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.
Around the time of the last Dubai Airshow in November 2007, the prospect of getting into the Middle East’s burgeoning business aviation market must have seemed like a license to print money.
Royal Jet and Arabasco launched a joint venture to expand private charter services in Saudi Arabia. Under the deal, Abu Dhabi-based Royal Jet will base one of its five Boeing Business Jets and a Gulfstream G300, respectively, at the Jeddah and Riyadh bases of FBO/maintenance group Arabasco, and will also permanently station aircrew and support staff in Saudi Arabia.
Royal Jet and Arabasco today launched a joint venture to expand private charter services in Saudi Arabia. Under the terms of the deal, Abu Dhabi-based Royal Jet will base one of its five Boeing Business Jets and a Gulfstream G300, respectively, at the Jeddah and Riyadh bases of FBO/maintenance group Arabasco, and will also permanently station aircrew and support staff in Saudi Arabia.
Genesis Custom Jetliners, an executive completion and refurbishment broker/agent, has been selected to redesign and upgrade “a number” of Boeing Business Jets (BBJs) for Abu Dhabi-based charter operator Royal Jet.
The scale and impact of the MEBA 2008 show must have removed any remaining doubts that today the Middle East is business aviation’s hottest marketplace.
Real Executive is to start a new venture in the United Arab Emirates based at the City Airport Abu Dhabi. There it will be partnered with Elite Aviation and initially draw on the existing fleet comprising a Challenger 601 and Falcon 900EX Easy. These will shortly be joined by a Global Express and Gulfstream 200 and there are plans to add a Gulfstream 150 in January.
Although there was some expectation that VIP charter operator Royal Jet of Abu Dhabi would announce new firm orders for aircraft here at MEBA, Shane O’Hare, president and CEO, said yesterday that the company expects to make acquisitions in possibly six to 12 months.
Here at the MEBA show, Royal Jet is expected to announce plans to further increase its fleet. The Abu Dhabi-based company is likely to commit to more aircraft in both the VIP airliner and super-midsize classes. It may also confirm plans to establish one or more new bases in the Gulf region to address a shortage of FBO and maintenance facilities, as well as introducing other new services.
Over the past few years executive charter brokers complained that there were not enough suitable aircraft available in the Middle East to meet the spiraling demand for private flying. But with each passing month, more new jets are flocking to this part of the world, boosting the fleets of local operators and correcting the supply/demand imbalance.