Madeira's Madjet Executive Aviation plans to take delivery of a King Air 350 early next year to complement the operation of its existing Hawker 900XP. Miguel Gomez, gm, says that the company initially planned to introduce it this year. "However, in the light of the global economic recession, we decided to postpone the addition to next year when we anticipate demand picking up again."

He says the base in Madeira strategically provides the company with a central hub of operations for the target locations which include Madeira, the Canary Islands, the Azores, mainland Portugal and northwestern Africa.

The island of Madeira has positioned itself as an electronic business hub and ideal location for companies in the field of telecommunications and e-business with low direct and indirect taxes.