Transportation Industry
Business & General Aviation News
AirGuide Business, March 17, 2008
NetJets Aviation
NetJets CEO Richard Santulli ended months of speculation Mar. 12 by announcing that the company will be staying put in the Buckeye State. Despite fierce competition from cities such as Raleigh, N.C.; Orlando, Fla.; and Fort Worth, Texas, in the end NetJets decided to expand its existing facility in Columbus rather than relocate. Specifically, NetJets and sister company FlightSafety International will retain their 2,022 combined employees in Columbus, and the expansion effort will create an additional 810 jobs. The two Berkshire Hathaway companies, which are getting $67 million in incentives from state and local governments, expect to invest more than $200 million to build a [sup.3]world class[sup.2] campus, including the largest FlightSafety International training center in the world and an expansion of the NetJets operation center, which now controls 390,000 NetJets flights per year. Mar 12, 2008
Royal Jet
Royal Jet, the Middle East's leading business aviation operator, is to double its fleet and achieve a five-fold revenue increase by 2013, according to its President & Chief Executive, Shane O'Hare. He unveiled the major expansion strategy in London where the award-winning luxury flight services provider was marking its fifth anniversary. Royal Jet plans to grow our fleet from its current 12 aircraft to more than 20 and achieve turnover of US$500 million (euro250 million) by 2013. The expansion will reflect that of the Middle East's booming business aviation segment. Our research points to a 40% annual increase in the Middle East's business aviation sector for the coming five years with Saudi Arabia and the UAE driving the momentum. Saudi Arabia is currently leading the surge but the UAE is catching up very fast. Mar 13, 2008
ZZ
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