Charter companies feast on bizav bounty | Aviation International News

Charter & Fractional

Charter companies feast on bizav bounty

The impressive growth of business aviation in the Middle East hasn’t excluded the region’s executive charter companies, some of which have been enjoying th

By Charles Alcock • Managing Editor

November 8, 2007

The impressive growth of business aviation in the Middle East hasn’t excluded the region’s executive charter companies, some of which have been enjoying their most lucrative stretch ever. Awash in available capital, they’ve not only added equipment and new markets, they’ve begun expanding into related businesses such as FBOs and maintenance services.

Royal Jet (Stand C130), for one, recently took delivery of its fifth Boeing Business Jet to help satisfy its ambitions to penetrate markets beyond the Middle East–including Europe, India, China and Russia. According to new CEO Shane O’Hare, Royal Jet has achieved growth of around 25 to 30 percent over the past year, much of it driven by BBJ activity.

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