NasJet sees revenue increase in 2012

Despite the continued political instability in the region and high oil prices, NasJet has seen revenue improve by 6% for 2012 with an expected increase of 20% for 2013.

These positive results come following 13 years of successful operation, built on a solid foundation supported by a large managed fleet size of 65 aircraft-exceeding a retail value of $1.5bn. NasJet is the only operator in the Middle East offering a complete range of services including aircraft sales, completions, management, flight support, fractional and charter. The company employs over 300 aviation experts of which 120 include full-time pilots based at the Riyadh headquarters.

Mr. Sulaiman Al Hamdan (above), Group CEO of Nas Holding, congratulated the NasJet team for driving growth in a sector which continues to remain challenging, compounded by escalating operating costs. At the same time he highlighted the positive financial impact NasJet services were having on the region, successfully meeting the exact demands of leading private and institutional clients. He said: "Corporate aviation is increasingly relied upon by organizations and private individuals looking to optimise their use of time. The flexibility to travel based on a personal schedule is surely a 'gift of time' and this sentiment is clearly reflected in the growing number of aircraft users in the Middle East".

James Dailey COO of NasJet said: "Regionally, we are recognised for our operational excellence and long standing track record for delivering tangible 'economy of scale' financial benefits to our clients."

As part of a core strategy the company will continue to focus on managing long-range wide-cabin aircraft. Hardy Sohanpal Head of Marketing said: "We are strategically positioned to operate a significant proportion of new aircraft to be delivered into the Middle East over the next 5 years and to rival the large international operators."