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Private carrier Royal Jet beats forecasts

Private carrier Royal Jet beats forecasts

Royal Jet outperformed its 2012 forecast and its 2011 revenue per aircraft, with revenues increasing by more than six per cent for Boeing Business Jets and 27 per cent for Gulfstreams in terms of aircraft usage and block hours.

The Abu-Dhabi based international luxury executive flight services company - chaired by His Excellency Sheikh Hamdan Bin Mubarak Al Nahyan - celebrated multiple milestones on the back of yet another profitable year of private aviation excellence.

The significant performance resulted in its seventh consecutive year of profitability even though the fleet flew with one less BBJ which is undergoing a US$9 million refurbishment in France.

“From both an operational and financial standpoint, 2012 proved to be a year of stability and persistent growth,” said Shane O’Hare, president, Royal Jet.

“Moving forward into 2013 and considering the positive economic outlook for the UAE, Royal Jet will continue to set benchmarks in the private jet industry.”

Last year saw Royal Jet operate more than 630 VIP charter trips and 230 Medevac trips with a total of over 3,135 flights to 370 cities in 136 countries.

This growth accentuated the relevance of the luxury flight service provider’s core operations and reflected an industry trend of similar growth over the last couple of years.