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FINANCIAL NEWS
Abu Dhabi- Al Habtoor partners with Royal Jet
19 Apr 2010
(MENAFN) Al Habtoor Group said that it has formally signed an aircraft management agreement with Abu Dhabi based Royal Jet, the international luxury flight services company, Gulf News reported.
Under the deal, Royal Jet will manage the day-to-day running of Al Habtoor’s Embraer Lineage 1000 aircraft, for which Royal Jet carried out due diligence on its purchase, prepared the technical specifications and conducted the associated financial, commercial and technical reviews.
The Lineage 1000 is among the latest and most technologically advanced business jets, seating up to 19 passengers.
With a range of 4,400 nautical miles it can cruise at an altitude of 41,000 feet. The 84-foot lavish interior divides into five separate zones which include a bedroom and shower.
It is worth mentioning that Royal Jet is jointly owned by Abu Dhabi Aviation and the Presidential Flight Authority.
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