| 08 Jul 2008 |
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Al Habtoor Group Aircraft Acquisition Managed by Royal Jet
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Abu Dhabi, 08 July 2008: Al Habtoor GroupAl Habtoor Group
and Royal JetRoyal Jet, have finalised the transactions on the purchase of an Embraer Lineage 1000 aircraft - one of the first orders for this new generation business jet. UAE-based Al Habtoor GroupAl Habtoor Group is a large business conglomerate involved in the construction, hotel, automotive, real estate, education, insurance and publishing sectors. They selected Abu Dhabi-based Royal JetRoyal Jet - the international luxury flight services company, chaired by H.E. Sheikh Hamdan bin Mubarak Al Nahyan - to carry out due diligence on the purchase agreement, prepared the technical specifications and conducted the associated financial, commercial and technical reviews.
Royal JetRoyal Jet's management and acquisition team provides a tailored, comprehensive service from initial consultancy through to the acquisition, management and sale of aircraft - a 'one-stop' service which reduces overall costs without compromising quality or safety. In this deal Royal JetRoyal Jet will also handle the aircraft management of the new Embraer which ties in well with the company's strategy of concentrating on mid-to-large sized business jets.
Al HabtoorAl Habtoor's CEO, Mohammed Al Habtoor said there was a strong synergy between the two companies. "We regard Royal JetRoyal Jet as a reliable partner, and with their being the undisputed leading private jet operator, we have had a long standing relationship with them. We have a great deal of confidence in their expertise in this area as well as in the maintenance and handling of large business jets," he said.
Present at the handover signing ceremony in Dubai were CEO Mohammed Khalaf Al HabtoorAl Habtoor
and Executive Director Maan Halabi representing the Al Habtoor GroupAl Habtoor Group, Royal JetRoyal Jet's President and CEO Shane O'Hare together with CFO Ramzi Zaroubi, and Tony Fitzpatrick for Embraer.Shane O'Hare explained that aircraft management was an important part of the Royal JetRoyal Jet business. "This is the third such deal in the past six months that Royal JetRoyal Jet has concluded with both private owners and successful companies such as Al HabtoorAl Habtoor. Aircraft management is one of the cornerstones of Royal JetRoyal Jet's strategic five year plan in developing both its own fleet, and managing other aircraft."
The Embraer Lineage 1000, which was only announced to the world in May 2006, is an ultra large business jet designed to seat up to 19 passengers. It has a range of 4,200 nautical miles - enough to fly directly from the UAE to London - and can fly at 41,000 ft. The interior divides into five separate zones, and this particular aircraft will incorporate a bedroom as part of its overall scheme, whose interior was designed by award winning Priestman Good.
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About Al Habtoor GroupAl Habtoor Group
The Al Habtoor GroupAl Habtoor Group has grown with the UAE, and while best known for construction, it is globally recognized through its involvement in the hotel, automotive, real estate, education, insurance and publishing sectors.
One of the UAE's most respected and successful businesses, the Al Habtoor GroupAl Habtoor Group today operates in the UAE and international markets. The highly qualified, experienced and professional multi-national team now exceeds 40,000 - and this is expected to continue to grow in line with planned expansion.
Engineering Enterprises (now part of the Al HabtoorAl Habtoor Leighton Group), has a rich portfolio, having created some of the world's most stunning landmarks. These include the icon of Dubai, the Burj AI Arab and the multibillion-dollar construction of the new Terminal 3 Concourse 2 project at Dubai International Airport. Habtoor Hotels owns and operates six top class hotels, including two new five star properties, the Habtoor Grand Resort & Spa in Dubai and the Habtoor Grand Convention Centre & Spa, Beirut.
Al HabtoorAl Habtoor Motors' brand portfolio includes Mitsubishi, with a wide choice of sedans, 4x4's and commercial vehicles, Temsa buses and premium marques such as Bentley, Aston Martin and Bugatti. Al HabtoorAl Habtoor Motors imports more than 60,000 vehicles from Japan every year. It has a well-established network of seven showrooms, eight service centres and twelve parts centres that effectively cover the entire UAE.
Just as the name of the UAE has become synonymous with trade and enterprise allover the world, the name of the Al Habtoor GroupAl Habtoor Group has become synonymous with dynamic growth, evidenced by its commitment to develop and grow businesses in multiple sectors.
About Royal JetRoyal Jet:
Royal JetRoyal Jet, the international luxury flight services company headquartered in Abu Dhabi, is jointly owned by Abu Dhabi Aviation and the Amiri Flight, the royal flight service, and is chaired by His Excellency Sheikh Hamdan Bin Mubarak Al Nahyan, who serves as a Minister in the UAE Federal Cabinet.
Royal JetRoyal Jet's success lies in its exceptional bespoke client services and dedication to delivering the ultimate in safety, efficiency and luxury. The product personalisation which defines Royal JetRoyal Jet is reflected in its 'Your Flight' brand philosophy - ensuring clients receive meticulous, individual attention throughout the entire Royal JetRoyal Jet experience.
Royal JetRoyal Jet's business expansion plans have been created to find the best solutions to address the boom in the aviation industry. Its growing fleet of 10 jets includes five Boeing Business Jets, which makes Royal JetRoyal Jet the world's largest single BBJ operator; two mid-range Gulfstream 300s, a long-range Gulfstream IVSP, a Learjet 60 and an Avro RJ85 premier short-haul jet.
Royal JetRoyal Jet's product offering spans several operations including; luxury air charter services: Royal Med medical evacuation service with the latest hi-tech equipment and highly-skilled, dedicated medical professionals; aircraft management and acquisition consultancy aimed at delivering optimum returns, and its award-winning Fixed Base Operations (FBO) /VIP terminal, at Abu Dhabi International Airport.
Flexibility, responsiveness, discretion and customisation symbolize Royal JetRoyal Jet's promise of delivering and excelling, the demands of today's sophisticated business aviation traveller. In-flight catering ensures every individual taste is catered to with tailored- made menus and an attentive, yet unobtrusive on-board service.
Royal JetRoyal Jet is a founder member of the Middle East Business Aviation Association (MEBAA), promoting the interests of the regional business aviation industry and a member of the NBAA, AVITAT, MedLink (a service of MedAir Inc.) and the Flight Safety Foundation.
For more information please visit: www.royaljetgroup.com or contact:
Sarah Walker-Kerr,
Royal JetRoyal Jet,
Email: swalker@royaljetgroup.com
Tel.: 00971 2 505 1648
Brian Salter, MCS/Action,
Email: brian.s@actionprgroup.com
Tel: 00971 55 606 7702
© Press Release 2008
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