Summer traffic helps boost Royal Jet to record performance
Revenues up more than 30 per cent in first nine months of 2011 compared to 2010
Abu Dhabi, 8 November 2011: Royal Jet, the Abu Dhabi-based international luxury flight services company chaired by His Excellency Sheikh Hamdan Bin Mubarak Al Nahyan has recorded its best-ever business results during the first nine months of 2011.
President and CEO, Shane O'Hare reveals that operationally, flight hours showed an increase of 30 per cent up to 30th September, compared to the same period in 2010, helping to drive up revenues by 32 per cent, to their highest level ever.
“We are absolutely delighted with this performance,” he says, “as it justifies our decision to continue to invest in our products and services against the backdrop of continued difficult market conditions. We have also benefited from improved operational efficiencies across every area of our business which have come as a result of a far-reaching business re-alignment programme completed earlier this year. More significantly based on current market forecasts, this growth trajectory will be maintained through to the end of the year – and well into 2012.
Other contributors to Royal Jet’s best ever performance, was the company’s ability to tailor-fit its expansion plans to market conditions, this included the establishment of an operational base in Saudi Arabia, investments in its brokerage business and the appointment of new General Sales Agreements (GSAs) in Oman and India.
“There was also the re-introduction into the fleet of our flagship Boeing Business Jet, at the end of 2010 following a multi-million dollar refurbishment programme,” O'Hare says, “The unique offering in what is one of the world’s most luxurious, sophisticated and technologically-advanced private jet in the world, resulted in a high level of demand.
Looking further into future, Royal Jet is mid way through a five year expansion plan, which involves looking at many different and cost-effective ways of increasing fleet size and flexibility. These include management contracts and further refurbishments, all of which are being investigated on a regular basis within the context of the market conditions.
The expansion is in line with the Abu Dhabi Economic Vision 2030 that is being implemented under the guidance of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and is aimed at enabling more guests to enjoy an in-flight experience that surpasses by a large margin, the offering of any other commercial private jet operator, anywhere in the world.
“We are at all times steadfast in our drive,” he adds, “Royal Jet remains committed to raising the bar for the global private jet industry in terms of security, and exceptional service standards so as to ensure continued profitability and growth. New announcements in this regard are to be made soon as we continue to set the benchmark in service excellence and customer satisfaction in the industry.
“Meanwhile, our continued strong performance is a further indication of Royal jet’s position as a pillar within the development of the private aviation industry in the region and a major global player with solid foundations in the UAE,” he said.
About Royal Jet:
Royal Jet, the international luxury flight services company, is jointly owned by Abu Dhabi Aviation, a public company listed on the Abu Dhabi stock exchange, and the 'Presidential Flight Authority' the royal flight service. Headquartered in Abu Dhabi, Royal Jet is chaired by His Excellency Sheikh Hamdan Bin Mubarak Al Nahyan, who also serves as Minister in the UAE Federal Cabinet.
Royal Jet's business expansion plans have been created to find the best solutions to address the ever-growing and changing demand in the aviation industry. Its fast-growing fleet of jets includes six Boeing Business Jets, which makes Royal Jet the world's largest single BBJ operator; two mid-range Gulfstream 300s; a long-range Gulfstream IVSP; a Lear Jet 60 and an Embraer Lineage 1000.
Royal Jet's product offering spans several operations including; luxury air charter services: Royal Jet Charter Brokerage, which provides travel solutions through sourcing the appropriate aircraft for charter through a network of carefully audited operators; Royal Jet Medical Evacuation Service, with state-of-the-art equipment and highly-qualified, skilled and dedicated medical professionals; aircraft management and acquisition consultancy aimed at delivering optimum returns; and its award-winning Fixed Base Operations (FBO) /VIP terminal at the Abu Dhabi International Airport.
Royal Jet is a founder member of the Middle East Business Aviation Association (MEBAA), promoting the interests of the regional business aviation industry, and a member of the NBAA, AVITAT, MedLink (a service of MedAir Inc.) and the Flight Safety Foundation.
Royal Jet’s product offering spans several operations including; luxury air charter services: Royal Jet Charter Brokerage, which provides travel solutions through sourcing the appropriate aircraft for charter through a network of carefully audited operators; Royal Jet Medical Evacuation Service with the latest hi-tech equipment and highly-skilled, dedicated medical professionals; aircraft management and acquisition consultancy aimed at delivering optimum returns, and its award-winning Fixed Base Operations (FBO) /VIP terminal, at Abu Dhabi International Airport.
Flexibility, responsiveness, discretion and customisation symbolize Royal Jet’s promise of delivering and excelling, the demands of today’s sophisticated business aviation traveller. In-flight catering ensures every individual taste is catered to with tailored- made menus and an attentive, yet unobtrusive on-board service.
Royal Jet is a founder member of the Middle East Business Aviation Association (MEBAA), promoting the interests of the regional business aviation industry and a member of the NBAA, AVITAT, MedLink (a service of MedAir Inc.) and the Flight Safety Foundation.