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FINANCIAL NEWS
ME’s unrest increases Business-Jet’s growth
22 Apr 2011
(MENAFN) Al Jaber Aviation’s COO, Mark Pierotti, said that due to the Middle East’s political conflict, business-jet’s growth increased as companies and wealthy individuals were forced to flee trouble zones, reported Bloomberg.
Pierotti added that his company’s flights increased five hundred percent in the past three months, with individuals flying from Egypt, Tunisia, Bahrain and Yemen to Dubai, Abu Dhabi and Europe. He also said that Al Jaber Aviation, which is an Abu Dhabi based charter carrier runs five Airbus SAS and Embraer SA (EMBR3) aircraft and would add a sixth plane next month to meet demand.
Royal Jet’s CEO, Shane O’Hare, said that the luxury business carrier’s sales rose fifteen percent in 2011as a result of a high increase in demand related to evacuation and government missions in Tunisia and Egypt. He added that sixty percent of customers were from corporations, twenty percent from governments and the rest rich individuals.
It is worth noting that Abu Dhabi and Dubai are among the preferred places for companies and families who seek to avoid the unrest that started in Tunisia and then continued to Egypt, Libya, Yemen and Syria.
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