Royal Jet, Arabasco sign business jets deal
Riyadh, July 7, 2009
Royal Jet and Arabasco have entered into a commercial and operational alliance that will make available Royal Jet's elite business aviation services to Saudi Arabia.
The agreement was signed by Royal Jet president and CEO Shane O’Hare and Arabasco president and CEO Ret Brig General Mohamed Al Shablan.
The agreement seals an alliance between the two companies which are chaired by Sheikh Hamdan Bin Mubarak Al Nahyan (Royal Jet) and Sheikh Khalil Mohammed Awad Bin Laden (Arabasco), who was present at the signing ceremony alongside Royal Jet board member Nadir Ahmed Al Hammadi.
Royal Jet will operate under the Arabasco AOC (Aircraft Operators Certificate) and will leverage the extensive experience and expertise of both parties in luxury private jet travel to address the regional and global executive travel needs of Saudi Arabia.
Under the terms of the agreement, UAE-based Royal Jet will be positioning a Boeing Business Jet (BBJ) and a Gulfstream 300 at Arabasco’s key hubs in Jeddah and Riyadh to better serve the Saudi market, together with crew, full operations team and all necessary supporting logistics.
With a growing fleet of 10 jets including five BBJs, Royal Jet is the world’s largest single BBJ operator, it said.
Based in Saudi Arabia, Arabasco has been a leading Fixed Based Operations (FBO) and maintenance facility company in the kingdom, offering a variety of aircraft maintenance, management and ground handling services to private, VIP and business jets.
From its private terminals within the Kingdom, Arabasco and Royal Jet will now offer private jet charter, as well as domestic and international travel from Saudi Arabia, using the BBJ and Gulfstream 300 which can comfortably accommodate 30 and 12 passengers respectively, to cities like London, Moscow, Bangkok, as well as other business and leisure hubs in the region. - TradeArabia News Service
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