Project Phoenix to represent Jetcraft in the region

In an anoouncement this morning  Jetcraft  confirmed  the UAE's Project Phoenix  and Jet Trading Group, based in Moscow, Russia as the latest representatives for the expanding US business.

Jetcraft said the new representatives will operate under Jetcraft’s leadership as an extension of the company’s sales team, and leverage regional networks and local market intelligence in order to further enhance its service offerings in the  region.

Since first opening its business almost 50 years ago, Jetcraft has concluded more than 500 business aircraft transactions. In 2010 it completed 45 transactions in more than 20 different countries. The majority of these transactions were for long range, super large and large business jets.

“The appointment of Project Phoenix Ltd. and Jet Trading Group represents a major growth milestone in Jetcraft’s evolution as a leading international remarketer of new and pre-owned business aircraft,” says Jahid Fazal-Karim, Jetcraft co-owner and board member. “In recent years, the opportunities for business aircraft sales in emerging markets have grown considerably. Thus, we made a strategic decision to expand international reach. Today’s announcement further exemplifies and strengthens this vision. We welcome Project Phoenix Ltd. and Jet Trading Group and look forward to our shared success,” he added.

Prject Phoenix president and ceo Mike Cappuccitti said “We are very pleased to be working with Jetcraft. It is a highly-respected company with a long history of international success. Combining forces with our strong presence in the Middle East will further benefit customers looking to buy or sell aircraft.”