Royal Jet targets a 12-15% growth for 2012
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In an effort to enhance and augment market presence, Royal Jets is confident of the current year. The company has invested nearly US$10 million into refurbishment of its Boeing Business Jets. With a set target in mind and a strategic plan in place, the airline is gearing up for a year of activities.
Talking to Travel Daily Middle East, Shane O’Hare, President and CEO of Royal Jets said: “We achieved record results for 2011 and are looking at a 12-15% overall growth for 2012. We are also witnessing a strong demand from the corporate segment which amounts to around 22-25% growth from the market.”
The airline has been witnessing demands from new markets such as Iraq which are showing positive performances. Focusing on the government, High Net worth Individuals (HNIs), presidents, Medivac and corporate would be the way ahead.
“We are looking at a modest growth for the region. We are looking at adding capacity but that would be an additional aircraft through wet lease in another 12-18 months,” added O’Hare.
In terms of market potential, the UAE has emerged a string market followed by Saudi Arabia. The company is witnessing demand from big markets such as India and China where there is immense opportunity.