Private Jet Charter and Jet Connections Establish Joint Venture

Private Jet Charter (PJC), one of the world's largest independent private jet charter brokers, has sealed a joint venture (JV) deal with Jet Connections, an international company specialising in private aircraft management, sales and acquisitions.

The new joint venture will offer aircraft management services to the region’s fleet of 395 business jets, and later in the year expand to parts of Europe and Africa.

According to Market Forecast 2014- 2033 report published by the Bombardier Business Aircraft, the region’s fleet of business jets could grow to 745 by 2023 and 1,405 by 2033.

Through its regional headquarters in Dubai, PJC will team up with Jet Connections, headquartered in London Oxford Airport, to cover all aspects of aircraft management, including maintenance, catering, staffing, clearance at airports, as well as purchases, trading and selling of aircraft.

“There is a strong demand among aircraft owners to outsource different requirements, from the initial process of purchasing the aircraft to all other aspects of maintenance, catering, staffing, clearance at airports, etc.,” said Hugh Courtenay, Founder and Chief Executive, PJC. “This should be viewed against the phenomenal growth witnessed by the aircraft management industry. This partnership with Jet Connections will complement our core business at PJC.”

The JV also enables aircraft owners to maximise their investments by putting aircraft out for charter.

“The new JV is a value addition to the aircraft industry especially for jet owners in the Middle East. Through this new partnership, jet owners would be able to benefit from competitive rates while purchasing jets, hiring crew, managing the catering on board, as well as leasing, in addition to ease in charter clearing at airports and issuance of flying licenses,” added Courtenay.