Royal Jet Predicts High Growth for Private Jet Travel in MidEast

AINalerts » April 19, 2012
April 19, 2012, 4:15 PM

Royal Jet president and CEO Shane O’Hare is predicting that the Middle East market for private jet travel could grow at 6 to 8 percent this year and next, with Royal Jet itself forecasting 15-percent growth this year. He also said the growth of the private jet market could spawn the development of global alliances among operators, along similar lines to those in the airline sector. The Abu Dhabi-based flight services company reported a 15-percent increase in first-quarter revenue from a year ago.

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