Charter & Fractional
Prestige Jet wants to tap into Mideast charter market
Newly formed Gulf charter company Prestige Jet has been set up by principals previously involved in Dubai-based charter company Gulf Jet.

Newly formed Gulf charter company Prestige Jet has been set up by principals previously involved in Dubai-based charter company Gulf Jet. Abu Dhabi-based Prestige Jet–not to be confused with New Jersey-based Prestige Jet Charter–is owned by Al-Ghaith Holdings, the aviation arm of the Al-Yasi group, which previously had a financial partnership with Gulf Jet.

For its start-up fleet, Prestige is negotiating the lease of a 10-seat Bombardier Challenger 604 and an eight-seat Hawker 800XP from Jordan’s Arab Wings (Booth No. 684) for an initial (but extendable) one-year period. Until recently, these two aircraft had been operated by Gulf Jet, which has moved quickly to acquire replacement Cessna Citation charter capacity. Prestige aims to acquire another example of each type before receiving two newly ordered Grob SPns in 2009.