Royal Jet achieves record performance
Abu Dhabi, November 8, 2011
Royal Jet, the Abu Dhabi-based international luxury flight services company, has recorded its best-ever business results during the first nine months of 2011.
The company is chaired by Sheikh Hamdan Bin Mubarak Al Nahyan.
President and CEO, Shane O'Hare revealed that operationally, flight hours showed an increase of 30 per cent up to September 30, 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 said, “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 has 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.”
Another major contributor to Royal Jet’s 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 said. “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, he said. – TradeArabia News Service
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