Al Jaber acquires 2nd Embraer jet
Dubai, March 9, 2011
Al Jaber Aviation (AJA), a top VIP aviation firm and part of Abu Dhabi-based Al Jaber Group, has inducted its second Lineage 1000 aircraft from the Brazilian aircraft manufacturer Embraer.
The deal was completed with financing from a Brazilian bank, a statement said.
The addition of the fifth and third large size intercontinental aircraft to the AJA fleet puts the company in a new and unique niche, where larger, farther traveling, more luxurious cabin planes are growing in popularity, it added.
“Al Jaber Aviation sees many opportunities in the next few years and we are investing today to make sure we take full advantage of them and position ourselves as a global player in the elite private jet market,” said Mohammed Al Jaber, CEO of Al Jaber Aviation.
“Our intention over the next period is to globalize AJA's footprint and bolster our service provision capabilities to meet our elite customers' expectations.”
Industry analysts believe that the private air charter business will pick up in late 2011 and on into 2012.
In 2008, there were 93,000 aircraft movement, which increased to 103,000 in 2009; this number will touch 160,000 by 2018 at a compounded annual growth rate (CAGR) of 6.21 percent per year for the Middle East region, according to analysts’ forecast.
The growth in aircraft movement is supported by the number of business jets in the region, which will reach 1,330 by 2019, the forecast said.
With its spacious interior, the Lineage 1000 offers five distinct privacy zones and can transport as many as 19 people in comfort. It also features the latest in engineering software, including virtual reality, computational fluid dynamics, simulations and knowledge-based engineering tools.
With a range of 4,400 nautical miles, the aircraft can fly passengers anywhere from Abu Dhabi to London, New York, Moscow or even Beijing, the statement said. – TradeArabia News Service