Investment company Leader Capital and Al Mulla Group of companies have launched private aviation company Gulf Jet. The company's head office will be based in the Dubai airport free zone and will provide services to all GCC countries.

The companies have also signed an agreement with Jet Aviation to undertake the operations and handling of Gulf Jet, to include maintenance, human resource management, communication and operations control.

Leader Capital ceo Mohammed Ali Al Abbar said: "Due to advanced travel facilities the world has become a global village, where travelling between countries has evolved into an extremely flexible everyday affair. A private jet is a necessity in such a period and that has pushed us to start this venture."