Riyadh-Saudi Arabia 6th NOVEMBER 2012

NasJet-the largest private jet company in the Middle East and one of the top 20 in the world, announces revenues exceeding 500M SAR for 2012.  Despite the continued political instability in the region and high oil prices, NasJet has seen revenue improve by 6% for 2012 with an expected increase of 20% for 2013.

These positive results come following 13 years of successful operation, built on a solid foundation supported by a large managed fleet size of 65 aircraft-exceeding a retail value of $1.5 billion.  NasJet is the only operator in the Middle East offering a complete range of services including aircraft sales, completions, management, flight support, fractional and charter. The company employs over 300 aviation experts of which 120 include full-time pilots based at the Riyadh headquarters.  

Mr. Sulaiman Al Hamdan, Group CEO of Nas Holding, congratulated the NasJet team for driving growth in a sector which continues to remain challenging, compounded by escalating operating costs.  At the same time he highlighted the positive financial impact NasJet services were having on the region, successfully meeting the exact demands of leading private and institutional clients.

He commented, "Corporate aviation is increasingly relied upon by organizations and private individuals looking to optimize their use of time.  The flexibility to travel based on a personal schedule is surely a 'gift of time' and this sentiment is clearly reflected in the growing number of aircraft users in the Middle East".

"Regionally, we are recognized for our operational excellence and long standing track record for delivering tangible  'economy of scale' financial benefits to our clients" says James Dailey COO of NasJet. 

As part of a core strategy the company will continue to focus on managing long-range wide-cabin aircraft.  "We are strategically positioned to operate a significant proportion of new aircraft to be delivered into the Middle East over the next 5 years and to rival the large international operators" commented Hardy Sohanpal Head of Marketing.  

-Ends- 

About NasJet
NasJet is a part of the National Air Services Group (NAS Holding) a Saudi Arabia based private company. The company manages and supports 65 aircraft with a fleet value in access of $1.5 billion.  The NasJet core fleet is comprised of Airbus, Gulfstream, Falcon and Hawker aircraft. NasJet is a recognized leader in the region for corporate aviation services, with the largest and fastest growing fleet.  The company is currently the only private jet operator in the region able to provide a complete range of corporate aviation services including sales, completions, flight support, management, fractional and charter.

NasJet also has a number unique Flight Programs, providing clients guaranteed aircraft availability with as little as 12-hrs notice, zero-ferry charges in the Middle East, fixed annual costs, ability to upgrade or downgrade aircraft type and access to aircraft worldwide.  NasJet is a Part 91/125/135 operator and the first private company in Saudi Arabia to be awarded an Aircraft Operating Certificate (AOC) by The General Authority for Civil Aviation (GACA)

National Air Services (Nas Holding) employs over 1300 aviation experts across four main companies including NasJet (Private Aircraft), nasair (Budget Airline), NAS Tech-a Lufthansa Technik partnership (Maintenance) and NAS Charter & Aviation Services for (Hajj & Umrah)

For further press and corporate information:
Hardy Sohanpal-nasjet                                                  
Ali Faour-Memac Ogilvy       
pressoffice@nasjet.com.sa    
nasjet.com.sa           
ali.faour@ogilvy.com
966 548363659

Press Release 2012