President and CEO, Shane O’Hare reveals that operationally, flight hours showed an increase of 30% up to 30th September, compared to the same period in 2010, helping to drive up revenues by 32%, to their highest level ever.
“We are absolutely delighted with this performance,” he says, “as it justifies our decision to continue to invest in our products and services against the backdrop of continued difficult market conditions. We have also benefited from improved operational efficiencies across every area of our business which have come as a result of a far-reaching business re-alignment programme completed earlier this year. More significantly based on current market forecasts, this growth trajectory will be maintained through to the end of the year – and well into 2012.”
Other contributors to Royal Jet’s best ever performance, was the company’s ability to tailor-fit its expansion plans to market conditions, this included the establishment of an operational base in Saudi Arabia, investments in its brokerage business and the appointment of new General Sales Agreements (GSAs) in Oman and India.
“There was also the re-introduction into the fleet of our flagship Boeing Business Jet, at the end of 2010 following a multi-million dollar refurbishment programme,” O’Hare says, “The unique offering in what is one of the world’s most luxurious, sophisticated and technologically-advanced private jet in the world, resulted in a high level of demand.”
Looking further into future, Royal Jet is mid way through a five year expansion plan, which involves looking at many different and cost-effective ways of increasing fleet size and flexibility. These include management contracts and further refurbishments, all of which are being investigated on a regular basis within the context of the market conditions.
The expansion is in line with the Abu Dhabi Economic Vision 2030 that is being implemented under the guidance of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and is aimed at enabling more guests to enjoy an in-flight experience that surpasses by a large margin, the offering of any other commercial private jet operator, anywhere in the world.
“We are at all times steadfast in our drive,” he adds, “Royal Jet remains committed to raising the bar for the global private jet industry in terms of security, and exceptional service standards so as to ensure continued profitability and growth. New announcements in this regard are to be made soon as we continue to set the benchmark in service excellence and customer satisfaction in the industry.”
“Meanwhile, our continued strong performance is a further indication of Royal jet’s position as a pillar within the development of the private aviation industry in the region and a major global player with solid foundations in the UAE,” he said.
Tuesday, November 8- 2011 @ 16:32 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.