XOJet, the San Carlos, Calif.-based on-demand charter company with a fleet of Cessna Citation Xs, said today at EBACE that it has secured $2.46 billion in financing to fund a plan to expand further both in North America and internationally.
United Arab Emirates
Prestige Jet of Abu Dhabi signed a letter of intent at EBACE for the purchase of five Gulfstream G650 long-range executive jets to be delivered in 2012. The Middle East company founded in 2007 aims to build up its own mixed fleet of aircraft in response to variable needs of its customers, while its sister company Prestige Air Charter is offering ad hoc charter brokerage throughout the region.
Rapid economic growth in the United Arab Emirates is fueling the expansion of Dubai-based helicopter operator Helidubai. Less than two years after its inception, the company, owned by the government of Dubai, has embarked on a fleet expansion with both passenger and aerial-work aircraft. In addition, it is also striving to help create dedicated heliports and helipads in the burgeoning city.
Jet Aviation announced last month it has begun construction of its new FBO and maintenance facility at the Dubai International Airport, United Arab Emirates. Expected to be operational in January, the new facility will offer scheduled and unscheduled maintenance, aircraft modifications and avionics installations and retrofits for a range of business aircraft.
GE Aviation and Dubai Aerospace Enterprise (DAE) have signed a memorandum of understanding for global cooperation.
As part of the agreement, GE and DAE will collaborate in several areas related to the commercial aerospace industry based on their respective competencies and capabilities which, among other interests, include assisting DAE in the development of MRO capabilities.
Livewel Aviation Services has signed the first lease for space at the newly launched Dubai World Central Aviation City on Al Maktoum International Airport, slated to become operational by the end of next year.
Two years after 9/11, Dubai’s biennial air show will declare itself to be firmly back to business as usual when it opens next month (December 7 to 11) in the United Arab Emirates. Last time, the event convincingly put on a brave face in the wake of 9/11 and the U.S.-led war against Al Qaeda and its Taliban allies in Afghanistan (just 500 miles north).
The UAE’s requirement for an airborne early warning (AEW) aircraft was another topic bubbling just under the surface at Dubai, [UAE SET TO MAKE AEW&C CHOICE FROM NORTHROP, BOEING OR SAAB] as reported in AIN’s Dubai Air Show Tuesday edition.
While record-breaking orders for airliners were announced, the just-completed Dubai Air Show, held from November 11 to 15, offered no big news for the defense industry. However, there were important developments across the border in Saudi Arabia, and the UAE Air Force is close to making important decisions about its future pilot training system.
The September 11 terrorist attacks on the U.S. immediately cast doubt on the viability of next month’s Dubai Air Show in the United Arab Emirates (November 4 to 8). However, at press time show organizer Fairs & Exhibitions said no consideration had yet been given to postponing or canceling the event.