The recently forged alliance between Dubai-based Elite Jets and Jet Aviation is a prime illustrat
Elite Jets Fulfills Arabian Promise
The recently forged alliance between Dubai-based Elite Jets and Jet Aviation is a prime illustration of the increasingly global scale of the executive charter business. Elite Jets has been rising fast over the past couple of years, but the tie-up with one of the leading global players in the aircraft charter/management sector should further boost its ascent. For Jet Aviation, the partnership allows it to expand its Arabian Gulf operations more quickly.
Having entered service with a single Hawker 850XP, Elite Jets has since added a Citation CJ3, a Challenger 604 and a G450. According to president and CEO Ammar Balkar, the company is set to add two more managed aircraft by year-end and aims to increase its fleet to 15 jets by the end of 2010. In his view, there is no prospect of a downturn in the Middle East market, partly because of the incoming tide of oil-derived wealth and also because governments are investing in the infrastructure needed to support growth that has been somewhat artificially constrained.
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