Masterjet will make available for charter an Airbus A320 in a 26-seat configuration by the summer of 2010. The company has headquarters in Lisbon and two operational bases in Paris le Bourget and Geneva where charter aircraft are based. Masterjet is also located in London, Jeddah, New Delhi and Malta.

Edward Queffelec, head of aircraft sales, says that the company is attracting a great many more Eastern European and Middle Eastern clients to add to its clients base which includes a substantial European mix.

Queffelec says that, despite the difficult world economic conditions, clients are expressing a preference for larger aircraft. "This means flying either Airbus or Boeing aircraft. We intend to operate a number of vip-configured airliners in the future."

Masterjet is an official partner of Fokker Services for the marketing of maintenance and completion products and is partnered with Patrick Mauboussin Aircraft Design. The first project with PMAD is the painting of the A320 that Masterjet is bringing into service.

Masterjet has also signed a cooperation agreement with Air France Consulting, the subsidiary of Air France, to provide business aviation consultancy services.

Queffelec, son of the founder of the company Philip Queffelec, says that buyers are tending to believe that the market has bottomed out and are closing on acquisitions. "Aircraft acquisition and trading is picking up," he says.