Empire Aviation adds two Falcon 7X to fleet
Empire Aviation Group (EAG) has
announced that it has added two Dassault Falcon 7X executive jets to its
managed fleet. A third Falcon 7X is due to join the company’s fleet of 20
managed aircraft. The senior management team will be attending
EBACE 2011 as the company looks to develop its regional position and accelerate
its expansion within and beyond the Middle East.
The company recently
announced that they are setting up an office in Mumbai in India.
Paras Dhamecha, executive director at Empire Aviation Group, stressed the importance of timing in announcing the move into India:
“Business jet registrations in India
have risen strongly in recent years and there is an attractive market opportunity especially for our aircraft management services, and good potential for aircraft sales. Our home
market in the Middle East is also building momentum
as confidence and activity levels return. Our clear aim in India
is to emulate the success we have achieved in the Middle East, where we
have become one of the
region’s largest specialists since starting operations in 2007. It’s a very exciting time for our young company.”
“We are confident that our business model will continue to support aircraft owners in achieving their financial and travel objectives and so we are confident about the future prospects for the industry in the region,” adds Paras Dhamecha. “This follows an encouraging year in 2010 when the charter market was more active. Our charter operations performed well in the second half of 2010, with an up-swing in the executive charter market and we have also seen a substantial increase in jet charters for business clients flying into emerging markets such as Iraq and Afghanistan.
There was also some improvement in aircraft sales. Global aircraft sales – and especially the US market – are still depressed but we see this as a temporary situation and the demand from the emerging markets such as India,
will continue to develop strongly.”