Record first quarter for Royal Jet


Revenues up 15% in first quarter 2012

Royal Jet BBJRoyal Jet have posted their
first quarter 2012 results and have increased revenues by 15% over the same
period in 2011. This is the best first quarter in the company’s history.

The Abu Dhabi-based
international luxury flight services company attributed its success to
increasingly buoyant market conditions across all customer segments, emerging
strong growth in Asia and Saudi
Arabia as well as continued productivity

“The strongest growth was in
our jet charter business, driven by our aggressive sales strategy,” said Shane
O’Hare, president and chief executive officer of Royal Jet. “Our brokerage, medevac, aircraft management and fixed base operation divisions also performed
well. We have fed this growth through to the bottom line through continued
tight cost controls, although there is still serious pressure from fuel costs
and uncertainty in global markets. However, we are optimistic that the worst is
behind us.”

O’Hare said that forward
demand is strong well into the second quarter, further underlying the
operator’s confidence in business recovery. “Although it may be premature to
say that the global economy is on the path to steady recovery from a
devastating international financial crisis, the outlook is positive,” he said.
“We are continuing to build strongly on our benchmark global service platform
this year with the investment of $10 million in the interior refurbishment of
another of our six Boeing Business Jets.”

He continued “We are
optimistic that this level of business performance will continue throughout the
year, helped by factors such as increased private jet travel during the summer
period, air travel in connection with the Olympics and other sporting highlights,
as well as the consistent demand for Medevac flights within the region and

Royal Jet recorded a 226% increase in net profit in 2011 out of total revenues that increased by
31.2% over 2010.