160,000 aircraft movements projected at CAGR of 6.21 percent until 2018;
aircraft to fly from Abu Dhabi to London, New York and Moscow
Dubai – March 8th, 2011: Al Jaber Aviation (AJA), your private airspace the new pinnacle of VIP aviation and part of the Al Jaber Group based in Abu Dhabi, today announced the induction of the second Lineage 1000 aircraft from the Brazilian aircraft manufacturer Embraer. The deal was successfully completed with financing from a Brazilian bank.
The addition of the fifth and third large size intercontinental aircraft to the AJA fleet puts the company in a new and unique niche, where larger, farther traveling, more luxurious cabin planes are growing in popularity.
“Al Jaber Aviation sees many opportunities in the next few years and we are investing today to make sure we take full advantage of them and position ourselves as a global player in the elite private jet market,” said Mohammed Al Jaber, CEO of Al Jaber Aviation (AJA). “Our intention over the next period is to globalize AJA's footprint and bolster our service provision capabilities to meet our elite customers' expectations.”
Industry analysts believe that the private air charter business will pick up in late 2011 and on into 2012. This is evident from the forecasted growth for the region. In 2008, there were 93,000 aircraft movement, which increased to 103,000 in 2009; this number is expected to touch 160,000 by 2018 at a compounded annual growth rate (CAGR) of 6.21 percent per year for the Middle East region[i]. The growth in aircraft movement is supported by the number of business jets in the region, which will reach 1,330 by 2019[ii].
With its spacious interior, the Lineage 1000 offers five distinct privacy zones and can transport as many as 19 people in complete comfort. Low noise and exquisite finishing are part of the award-winning designers Priestman Goode and world-acclaimed interior completion experts DeCrane Aircraft’s creation to offer spacious interiors and cabin allocations.
The aircraft boasts the latest in engineering software, including virtual reality, computational fluid dynamics, simulations and knowledge-based engineering tools. With a range of 4,400 nautical miles, the aircraft can fly passengers anywhere from Abu Dhabi to London, New York, Moscow or even Beijing.
About Al Jaber Aviation:
Al Jaber Aviation (AJA) is the new pinnacle of VIP aviation based in Abu Dhabi. AJA is part of the Al Jaber Group, the nation’s largest employer with a workforce of 50,000 and the country’s largest fleet of shipping vessels and machinery. With an elite fleet of Airbus and Embraer jets, AJA is committed to providing the right aircraft with leading edge of technology combined with style and quality. The Airbus fleet consists of Corporate Jetliners and Elite aircraft that can reach across Europe, Africa and Asia within the luxurious surroundings of a private cabin. For more information, log on to www.ajaprivatejets.com
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