Abu Dhabi: Royal Jet, UAE's luxury aircraft charter service and First Gulf Bank (FGB), have signed an agreement today for financing Royal Jet's newest Bombardier aircraft, due to arrive in Abu Dhabi in May 2005.
Royal Jet is one of the fastest growing business jet charter operators in the Middle East. After less than two years in operation, Royal Jet currently operates a fleet of four aircraft, which includes 2 Boeing Business Jets (BBJ) and 2 Gulfstreams (G300).
"The Business Jet Charter, Block-Charter, and Aircraft Management market in the UAE, and the whole region, is experiencing a significant growth as more companies and VIPs see the benefits of winning time in their busy schedules", explains Khalifa Mohamed Al Kindi, Board Member of Royal Jet.
"First Gulf Bank, in this first blueprint contract with Royal Jet, is financing USD 15 million of the purchase price for the aircraft. As part of our aircraft management service, Royal Jet is consulting its customers on purchasing and financing such business aircraft. Both Royal Jet and FGB look forward to many more contracts to follow," commented Mr. Ramzi Zaroubi, CFO of Royal Jet.
The Challenger 300 from Bombardier (Montreal, Canada) is a very successful new super midsize business jet aircraft with capacity for up to 8 Passengers and a flying range of 2,800 miles. With a full service galley, flight attendant, complete lavatory and a spacious baggage compartment, the Challenger 300 is an ideal business aircraft for Royal Jet and its customers for the Middle East, the Sub-Continent, most of Southern Europe and Russia.
"The economics of the Challenger 300, combined with its large cabin and a range that covers the Middle East and the Subcontinent, made this a relatively straightforward selection," commented Capt. Tilmann Gabriel, President / CEO of Royal Jet. "This is the right aircraft for Royal Jet that will complement the superior quality to our fleet for the Middle East charter operations."
In addition to Royal Jet's own Challenger 300, there is a growing demand and interest from Royal Jet for buying these types of luxury aircrafts and operating them by the professional teams of Royal Jet.
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Note to editors:
Royal Jet was launched in May 2003 and is a 100% UAE owned private air charter operator. Royal Jet provides special services in the field of air charter to VIP customers wishing to charter luxurious aircraft for private flights in addition to business, emergency and medical flights. The services of Royal Jet can also be utilized for commercial precious cargo, medical and emergency transport for a wide variety of customers. Royal Jet flights have been designed to cater to the special needs of VVIP/VIP customers, businessmen and families, who require privacy and services of the highest standard. Royal Jet flies its customers to their chosen destination, at their preferred time, at their convenience. All food is prepared in accordance with the requests and desires of the customers. Royal Jet's aircraft can be reconfigured to suit the customer's needs within two and a half hours of confirming availability. The aircraft will then be ready for take-off to the customer's required destination.
Fully certificated by the European Aviation Safety Association (EASA), the Bombardier Challenger 300 delivers a top speed of Mach 0.82 (541 mph; 870 km/h) and a maximum non-stop range of 2,800 nautical miles (5,040 km) with up to eight passengers and is approved to a maximum operating altitude of 45,000 feet (13,716 m). Its 8.72 m long cabin provides a superior working environment with a well-appointed standard interior that features club seating, reclining seats, a Diwan with fold-out bed, ergonomic tables, power outlets with SatCom telephone and Internet connection. Royal Jet has selected a sizeable galley for the CL300 and will provide a Cabin Attendant on all its flights.
For further information please contact:
Mr. Ammar Balkar
Vice President Sales and Marketing
Royal Jet
Tel: +971 2 5757000
Fax: +971 2 5755222
Email: abalkar@royaljetgroup.com
visit: www: royaljetgroup.com
© Press Release 2005
