Rizon Jet on to 'City of Light'

Dubai Air Show » 2011
November 14, 2011, 9:01 AM

After completing development of executive terminals at Doha International Airport in Qatar and at London’s Biggin Hill Airport, Rizon Jet is laying plans for a further FBO development at Paris Le Bourget Airport. According to the Qatar-based company’s acting CEO, Harold Stoddard, the site for the new development could be agreed by early next year and the facility would open in 2014.

Rizon’s maintenance, repair and overhaul facility at Doha is in the final stages of getting European approval to work on aircraft in Bombardier’s Global Express and Challenger families, as well as Hawker Beechcraft jets. It will then seek the same approvals from authorities in the United Arab Emirates, Saudi Arabia and Bermuda. The Biggin Hill facility already holds European, Qatar, Bermuda and Cayman Islands approvals for the same aircraft types, as well as for the Hawker Beechcraft Premier I and Cessna Citation 560 series.

The next aircraft to join Rizon’s management fleet will an Airbus ACJ319 and a Bombardier Global 6000, which are due to arrive in 2013, when they will join a pair of Challenger 605s, a Hawker and a Global XRS. In the UK, Rizon is partnered with Oryx Jet, which operates a Hawker 900XP and a Premier I.

Stoddard told AIN that, over the next two years, Rizon wants to add a dozen or more aircraft. “The economic downturn has impacted everyone’s plans in terms of the amount of business we get,” he said. “I am not sure we will ever get back to previous levels, but we see some stabilization and I have seen an uptick in our own business.”

The main investor in Rizon Jet is Qatar-based private company GSSG Holdings. The total investment in the new Doha and London FBOs was $50 million.

FILED UNDER: 
Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.

 
X