Latest news with #privateaviation
Trade Arabia
5 days ago
- Business
- Trade Arabia
Falcon Elite achieves exceptional Growth in aircraft movements
Falcon, part of Alex Group Investment, has reported a 150% growth in aircraft movements between August 2024 and May 2025, positioning itself as one of the fastest-growing players in the region's private aviation sector. In less than one year, Falcon Elite has transformed from a promising terminal into a dynamic, high-traffic hub for elite clientele. This performance highlights Falcon Elite's ability to anticipate and respond to key seasonal peaks, while also reflecting the trust clients place in the private terminal's exceptional services, the company said. When Falcon Elite first debuted, it started with a modest 6.92% increase in traffic. Fast forward to May 2025, the terminal saw a remarkable 33.81% growth compared to the previous months. This increase was driven by new clients, a rise in diplomatic flights, and the start of the summer season. Prior to that, November 2024 saw a 52.75% increase, coinciding with Dubai's high season, including major events like the Formula 1 Abu Dhabi Grand Prix, a boost in regional business traffic & holiday travel. This growth is a result of consistently going beyond expectations and seizing every opportunity, the company said.
Trade Arabia
6 days ago
- Business
- Trade Arabia
Les Roches, Jetex launch world's first Postgraduate program in private aviation
Les Roches, ranked No 2 worldwide in higher education for hospitality and leisure management (QS World University Rankings, 2025), has launched the world's first postgraduate program exclusively dedicated to luxury private aviation. Developed in a strategic partnership with Jetex, a global leader in private aviation services, the program will take off In September and support the increasing demand for highly qualified talent in one of the fastest-growing segments of the luxury hospitality industry. Spanning one academic year, the Advanced Diploma in Private Aviation Management combines rigorous Swiss academic instruction with direct industry immersion. During the first semester, students study across Les Roches' international campuses in Marbella, Crans-Montana, and Abu Dhabi Hospitality Academy – Les Roches engaging in subjects including the global private aviation industry, aviation management systems, luxury client experience, effective communication in aviation and brand ambassador leadership in a lifestyle environment. In the second semester, enrolled students undertake a guaranteed six-month internship with Jetex in the United Arab Emirates and will apply their learning in a real-world private aviation environment in a strategic location known for its world-class infrastructure, and rising volume of private air traffic. After completing the internship, participants may graduate with the in Private Aviation Management or extend their studies by one semester to earn a Master's of Advanced Studies in Hospitality Management with Specialization from Les Roches. 'Thanks to Les Roches' global campus network, this program enables students to live and learn in three top luxury tourism locations: Abu Dhabi-United Arab Emirates, Geneva–Swiss Alps, and Málaga–Costa del Sol,' said Carlos Díez de la Lastra, CEO of Les Roches. 'By aligning our curriculum with industry needs, we aim to prepare graduates to seamlessly step into leadership roles. This global immersion not only introduces students to diverse cultures and key markets but also equips them with a comprehensive understanding of international best practices—empowering them to thrive in the increasingly dynamic and competitive global luxury private aviation sector.' 'At Jetex, we have always been committed to supporting and empowering the next generations. We believe that the unique personalities and skills of Jetex talents are what fuel the very heart of the company's excellence, entrepreneurship and innovation,' said Adel Mardini, Founder & CEO of Jetex. To apply, candidates must complete an interview with Jetex, hold a university degree, be aged 30 or under and demonstrate an advanced command of English. As with all Les Roches academic programs, this diploma is accredited by the Swiss Federal Government and by the New England Commission of Higher Education (NECHE) in the United States. A Growing Industry Ready for Takeoff The private aviation market, valued at $38.5 billion in 2023, is projected to grow to $55.2 billion by 2031, driven by rising demand, efficiency, and ultra-personalized service. In Spain alone, the sector supports over 21,000 jobs and contributes €3.1 billion to GDP. As the global private aviation sector experiences a strong upward trajectory — with the market projected to grow from $28.01 billion in 2024 to $30.08 billion in 2025 — Jetex continues to lead the industry with its innovative approach and commitment to excellence. This growth is fueled by increasing demand for bespoke travel experiences, sustainable aviation solutions, and cutting-edge technology. Jetex, recognized as a global leader in executive private aviation services, is at the forefront of this transformation, operating across 37 private jet terminals across Europe, Middle East, Africa, Asia Pacific and South America.
Zawya
6 days ago
- Business
- Zawya
Falcon Elite achieves exceptional srowth in aircraft movements in less than a year
DUBAI, United Arab Emirates (GLOBE NEWSWIRE) -- Falcon, part of Alex Group Investment, has reported a +150% growth in aircraft movements between August 2024 and May 2025, positioning itself as one of the fastest-growing players in the region's private aviation sector. In less than one year, Falcon Elite has transformed from a promising terminal into a dynamic, high-traffic hub for elite clientele. This performance highlights Falcon Elite's ability to anticipate and respond to key seasonal peaks, while also reflecting the trust clients place in the private terminal's exceptional services. When Falcon Elite first debuted, it started with a modest 6.92% increase in traffic. Fast forward to May 2025, the terminal saw a remarkable 33.81% growth compared to the previous months. This increase was driven by new clients, a rise in diplomatic flights, and the start of the summer season. Prior to that, November 2024 saw a 52.75% increase, coinciding with Dubai's high season, including major events like the Formula 1 Abu Dhabi Grand Prix, a boost in regional business traffic & holiday travel. This grow is a result of consistently going beyond expectations & seizing every opportunity. Mr. Sultan Rashit Abdulla Rashit Al Shene, Founder & Chairman of Alex Group Investment, shared "What we've achieved with Falcon Elite is just the beginning. We've built something exceptional, and it's all thanks to the trust our clients have placed in us. Their belief in our vision has been the driving force behind our success." About Falcon Falcon is a premier aviation service provider, offering a one-stop-shop for all your aviation needs.
Forbes
30-05-2025
- Business
- Forbes
U.S. Private Jet Flying Increased After Trump's Liberation Day Tariffs
President Donald J. Trump's tariffs are causing uncertainty with private aviation executives; however, so far, they haven't caused flyers to eschew their private jets. In fact, it's quite the opposite. Trump announced his tariff policy on April 2, 2025, tabbing it Liberation Day and calling it 'one of the most important days in American history.' And while financials markets have gone up and down and up and down again and again, private flying has been going in one direction – up. According to the most recent weekly statistics from WingX, U.S. domestic private jet segments accelerated from 3.4% year-over-year growth before the tariffs to 4.1% year-over-year gains since. During the most recent seven-day period, which included the Memorial Day weekend holiday, U.S. private jet segments were up 16% year-over-year. U.S. private jet flights have increased since President Donald J. Trump announced tariffs on April ... More 2, 2025, according to data from WingX and ARGUS International. Private flights over the holiday were the highest on record, breaking previous marks set in 2021 and then broken in 2022 as Covid led to a surge of newcomers to private aviation. WingX Managing Director Richard Koe assessed, 'Business jet activity continues to trend upwards, with no discernible impact from economic uncertainty." ARGUS TRAQPak, which also tracks private flights, reported similar gains for April. The 2.4% increase in North American private flight hours tracked by ARGUS was not expected. 'April gave us a pleasant surprise and produced a monthly gain,' said Senior Vice President Travis Kuhn. The company had forecast a 1.2% dip for the month. Kuhn said, 'Before the start of the month, all trends seemed to point to a slightly flat to negative month amidst all the economic uncertainty.' In a rarity, all three categories of private flight activity were up. Part 91, which covers non-commercial flights by aircraft owners and corporate flight departments, had been lagging behind Part 91K – fractional operators and Part 135 – charter operators. It saw a 0.4% year-over-year increase during April. The increases so far this year reverse two years of declines after private flying reached record levels in 2022, although 2024 still ranked as the industry's third-best year ever measured by flight hours, according to ARGUS. Another indicator of short-term confidence is the sale of jet cards. Jet cards function like a debit card for private flights, bridging the gap between chartering on a flight-by-flight basis and longer-term, more expensive solutions, such as fractional and full ownership. In Q1, Wheels Up reported a 16.7% increase in deposits for future flights, its best first quarter since 2022. flyExclusive, another publicly traded flight provider, reported a 25% increase in Q1 sales for its Jet Club, its version of a jet card. Both preowned private jet sales and new private jet deliveries also got off to a good start in the first quarter. The General Aviation Manufacturers Association reported an 11% year-over-year increase in new jet deliveries. The value was $5.04 billion, representing a 25.7% increase compared to 2024. The International Aircraft Dealers Association, whose members claim over 50% of preowned transactions, said closed sales increased 24% in Q1. Industry executives expect tailwinds later this year as well. They're betting on bonus depreciation for private jet purchases, part of the current Republican-led tax legislation, and continued turmoil with the air traffic control system and airlines, making scheduled airline flights unreliable. Despite all the positives, a Corporate Jet Investor webinar held earlier this week focused on the impact of tariffs for private jet owners found executives to be both optimistic and concerned. Industry analyst Rolland Vincent, a former fractional and OEM executive, told listeners Q2 is a 'completely different picture (from the first quarter of 2025)…Tariffs and the unpredictable nature of the announcements, whether it's one day or the next, may present a completely different picture. It's causing businesspeople to hold back on the throttle…Q2 is pretty much a self-inflicted wound.' His JetNetIQ quarterly survey's optimism index had given back its entire 28-point gain that came in Q4 after Trump's election victory. 'Post-COVID, the word that came up on every panel was uncertainty. Last year, before the election, what word came up on every panel? The word was uncertainty. Then, after the election, the word uncertainty disappeared. Now, all of a sudden, the word is uncertainty, and it's in bold and all caps,' PNC Bank SVP Keith Hayes added. There's good reason for consternation. Tariffs are already hitting private jet owners when it comes to repairs. One listener commented that a customer had to pay a $285,000 tariff for new engine parts for his Dassault Falcon 2000X that were shipped from outside the United States. Panelist Chris Ellis of Avpro relayed a Gulfstream Aerospace G450 owner was billed $850,000 in tariff costs to cover parts imported for a post-Liberation Day overhaul. Executives are also concerned that there will not be enough maintenance slots at MROs to accommodate the traditional Q4 frenzy of pre-buy inspections, which could increase if the bonus depreciation is enacted. Hayes added after a strong start, 'We are having clients now start to slow down, tap the brakes.' The most significant risk for 2025, the executives said, is if companies take a substantial hit to their bottom line or ultra-high-net-worth individuals (UHNWs) see their wallets squeezed. However, they concluded that regular private flyers don't have other realistic options. Vincent noted, 'The air traffic control nightmares suggest commercial airline services are not going to be very dependable.' Ellis added, 'Plan B is so bad, flying commercial, (customers) are just going to power through it. We're feeling super optimistic.' Mesinger Jet Sales Jay Mesinger, who moderated the panel, added, 'Airline industry disruptions have always served (private aviation) well.' The may be right. Even Vermont Senator Bernie Sanders, recently called private jets 'the only way to get around.' In terms of overall sentiment, a ChatGPT analysis of panelist comments found, 'In short, they're realistic but confident — aware of headwinds, but not signaling serious concern.' Asked to rate their level of confidence on a scale of one to 10, with 10 being the highest, ChatGPT gave it a seven that 'reflects measured optimism with eyes open.' However, when it comes to the bigger commitment of buying private jets instead of just flying on them or putting down low six-figure jet card deposits, Mesinger noted the current attitude. He said, 'Sitting on the fence seems to be a safe place to be right now unless you have a real motivation to jump in.'
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
