Latest news with #aviationservices
Malay Mail
26-05-2025
- Business
- Malay Mail
Jet, set, go: Titan Aviation sets up Malaysia base for South-east Asia expansion
KUALA LUMPUR, May 26 — Global aircraft management company, Titan Aviation has officially launched its operations in Malaysia. In a statement today, the United States (US) and Dubai-headquartered company aims to deliver its renowned operational excellence and industry-leading safety standards to aircraft owners and high-net-worth individuals seeking private aviation solutions. 'The addition of Malaysia as a regional hub enhances the company's ability to offer aviation services in Southeast Asia's second-largest aviation hub that continues to grow as a business and tourism centre,' it said. Its managing director, Captain Sakeer Sheik said Malaysia is a critical gateway in Southeast Asia-not just geographically, but in terms of demand for bespoke, trustworthy private aviation services. 'Our presence here allows us to support aircraft owners, charter clients, and business travellers with unmatched responsiveness, technical depth, and operational transparency,' he said. Sakeer noted that the Malaysian government and its local authorities are welcoming of new players in the country to offer a variety of aviation services adhering to global standards. Titan Aviation also said the new Malaysian base will offer a wide range of services, including aircraft management, private jet chartering, aircraft sales and acquisition, Continuous Airworthiness Maintenance Organisation (CAMO) and technical services, as well as staffing solutions. It also offers Malaysian clients preferential insurance terms, faster claims and lower premiums through its group fleet coverage. 'Whether it's managing a Gulfstream for a Malaysian corporate or arranging a last-minute charter to Hong Kong or Jakarta, our team here is equipped and empowered to deliver,' added Sakeer. Founded in 2004, Titan Aviation manages a growing fleet of over 30 aircraft and helicopters globally-including Gulfstream jets and the Dassault Falcon-and operates across the US, Europe, the Middle East, and South and Far East Asia, including Indonesia, Cambodia, Singapore, and India. — Bernama
Zawya
18-05-2025
- Business
- Zawya
UPAC reports Q1 2025 financial results
KUWAIT – United Projects for Aviation Services Company (UPAC), a commercial real estate and facilities management company, today announced its financial results for the first quarter of 2025. The company reported a net profit of KD 480 thousand, down 26% from 2024, or 1.19 fils per share. The company's recorded revenue for the quarter was KD 2 million, down 11% from 2024. Eng. Hamad Malallah, Chief Executive Officer at UPAC, said: 'UPAC's results are in-line with our expectations. The reduction in revenue is mainly attributable to airport-related services. We remain committed to identifying and pursuing strategic business opportunities within our industry that drive growth and create value for the company and its shareholders.' Malallah continued: 'Planning for the Al Messilah Beach Project (Plage-2) site has been progressing, where our teams are working on preparing the project for its opening and operation, meeting the relevant partners, and potential vendors who we will be working with on this exciting new project.' Al Messilah Beach, one of Kuwait's prime family entertainment destinations, was developed by Touristic Enterprises Company as part of its role in spearheading growth of Kuwait's tourism sector. UPAC is managing all aspects of the site including leasing, entertainment activities, facility management, and overall project operations. UPAC is also a co-investor in Abu Dhabi's $1.3 billion Reem Mall on Reem Island. The mall is the region's first fully integrated omnichannel retail ecosystem with digital, e-commerce, and logistics capabilities. It brings together all consumer and retail services to ensure a seamless customer experience. To date, 198 units are trading, and almost 80% of Gross Leasable Area (GLA) is committed. In Kuwait, UPAC manages operations of Kuwait International Airport's real estate and parking facilities at the Sheikh Sa'ad Airport Terminal (T3), and the development of Al Messilah Beach. About UPAC Established in 2000, publicly listed on Boursa Kuwait, and headquartered in Kuwait, UPAC is a leading commercial real estate and facilities management company with a specialization in Build Operate Transfer (BOT) initiatives. Its services cover project management and consultancy, real estate development as well as property and facilities management. UPAC also manages operations of Kuwait International Airport's real estate and parking facilities at the Sheikh Sa'ad Airport Terminal (T3). UPAC is part of the Kuwaiti-led consortium developing Abu Dhabi's Reem Mall, a $1.3 billion project spread over nearly 270,000 sqm. For more information, please visit the website:
Globe and Mail
16-05-2025
- Business
- Globe and Mail
Falcon Makes First European Appearance at EBACE 2025
DUBAI, United Arab Emirates, May 16, 2025 (GLOBE NEWSWIRE) -- With EBACE 2025 just days away, Falcon, part of Alex Group Investment, is getting ready to welcome visitors at its booth during Europe's leading business aviation event, taking place from May 20 to 22 at Palexpo, Geneva, Switzerland. This will be Falcon's first time exhibiting at a European aviation show, where the company will introduce its full range of aviation services to the European market. Visitors will have the opportunity to learn more about Falcon Luxe (private jet charter), Falcon Flight Support, Falcon Elite (private jet terminal), and Falcon Technic (maintenance, repair, and overhaul), which together position Falcon as a true one-stop shop for business aviation services. 'Attending EBACE is a clear step into the European market,' said Mr. Sultan Rashit Abdulla Rashit Al Shene, Founder & Chairman of Alex Group Investment. 'We're proud to present Falcon's full capabilities to a new audience and open the door to meaningful, long-term partnerships.' The Falcon team will be present at Booth 864, ready to welcome visitors and discuss future opportunities. Discover more about Falcon's full range of services at: Private aviation, FBO, MRO, and Ground Handling Service - Falcon About Falcon Falcon is a premier aviation service provider, offering a one-stop-shop for all your aviation needs. With Falcon Luxe, we provide a fleet of modern private jets available for global charter worldwide, ensuring comfort and privacy for every journey. Falcon Elite features an exclusive private jet terminal (FBO), delivering top-tier service and an unforgettable experience before you even board. Falcon Technic offers 24/7 Maintenance, Repair, and Overhaul (MRO) services, not only for our fleet but also for third-party aircraft, ensuring optimal performance and reliability. Additionally, Falcon Flight Support is dedicated to making your travel effortless, providing personalized support from start to finish. At Falcon, all your aviation needs are covered under one roof. Media Inquiries Ines Nacerddine Director of Marketing - Aviation Alex Group Investment Email:
