New Dubai-based private jet charter company Gulf Jet plans to acquire up to five medium-range business jets early next year to provide a “global” service to VIPs.

The company says it is negotiating with Bombardier and Cessna to acquire up to five aircraft seating between eight and 15 passengers and will begin operations in early 2006. Its head office, in the Dubai airport free zone, will provide VIP charter services to all countries in the region. An agreement has also been signed with Jet Aviation to maintain, operate and handle the aircraft.

The deal creating Gulf Jet was signed in late November between Leader Capital chairman Mohammed Ali Al Abbar and Khalaf Al Mulla, head of the aviation department of the Al Mulla group of companies.

“The travel and airline industry in the United Arab Emirates is growing at 21% a year,” says Al Abbar. “Gulf Jet intends to take full advantage of that growth.”

Source: Flight International