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FINANCIAL NEWS
Oman amounts to 2.5% of ME air charter trade
28 Dec 2010
(MENAFN) Hugh Courtenay, Chief Executive at Private Jet Charter, one of the world’s largest independent private jet charter brokers, revealed that Oman amounts to 2.5 percent of the air charter business in the Middle East (ME), Times of Oman reported.
Private Jet Charter, previously known as International Air Charter, stated that businessmen in the Sultanate make two to three charter trips a year on average, and the air charter business in the Mideast is picking up again after recession forced some companies to shut down their flight operations or sell off their corporate jets, thus giving a boost to air charter business as an attractive and cost effective alternative to commercial air travel, explained Courtenay.
According to Courtenay, the Middle East market offers great long-term potential for the company, whereas its client base of royal families, chief executive officers (CEO)’s, and other members of the region’s affluent segment have been steadily increasing as clients recognize the strategic benefits of charter jet services.
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