Press Release

Issued by Pristine Jet Charter.

October 13, 2016

Only five months after opening in the UAE, Rakjet, a leading private jet management company, has registered noticeable results with a developing customer portfolio from both officials and executives.

“With 60 years' experience, our company has been launched in the UAE to address the specific need for comprehensive private aviation solutions, the UAE holding the second biggest fleet of business aircraft among the GCC countries,” said Hugh Courtenay, founder of Rakjet.

According to the MEBAA airshow website, the business aviation sector in the Middle East is predicted to reach a volume of $1.2 billion by 2020, with a fleet comprising 1,200 private aircraft registered in the MENA region.

This strong demand is explained globally by the globalisation of trade, the appearance of new markets, the introduction of new aircraft programs and the international expansion of operators in the charter and fractional market.

Regionally, this booming sector replies to the specific needs of local and visiting decision makers' busy lifestyles which require comfort, efficiency and flawless time management.

“Indeed, the decision to fly using a private jet is made for several reasons including the comfort, privacy, safety and practicality of flying to smaller airports closer to meeting points,” affirms Zaher Deir, managing director, Rakjet.

“Rakjet offers full aircraft management contracts and the distinctive following up of customers during the whole process from acquiring to operation of the jet. Unlike internal flight departments with limited expertise, Rakjet offers a wide range of bespoke services; from assisting the owners with initial price negotiations, dealing with aircraft completion centres, regulatory authorities and the latest safety directives, to crew recruitment, licensing and training, setting up credit facilities, fuel suppliers, maintenance suppliers and handling agents,” added Deir.

“More and more private jet owners in the region are getting conscious of the necessity of hiring an independent aircraft management company with skilled engineers and experts instead of counting on companies with local capabilities. They are paying the price to purchase their private asset, and would want to keep their investment in good hands,” he said.

Budget wise, Rakjet proposes significant savings on aircraft insurance, fuel costs, maintenance supervision and repairs, crew accommodation, flight planning and over flight permits cost, crew accommodations, handling fees and parking locations.

“In Rakjet, our management contract is tailor made to fit owners with single and multiple private jets.” Deir concluded that: “The UAE plays a crucial role as a regional hub to the Middle East and north Africa (MENA). It is expected to see even more business aviation traffic which will impact positively the related service market, most specifically private aircraft management.”