Saudi Arabian business-aviation services provider National Air Services (NAS) has signed a letter of intent for three Gulfstream G350s to be delivered in 2007.
The aircraft will join three G300s ordered in 2003 that have entered service alongside NAS's three GIV/IV-SPs. The G350s, like the other Gulfstreams, will be used by Jeddah-based NAS to provide a range of services to customers in the Middle East. This includes fractional-ownership through the NetJets Middle East programme, charter services and support for the company's aircraft management product, says Mohammed Al-Zeer, NAS president and chief executive.
The aircraft are expected to be financed by the Bahrain-based Arab Banking Corporation and guaranteed by the US Export-Import Bank – an arrangement used for the G300 purchase. One G350 is due to be delivered in each of the first three quarters of 2007. Al-Zeer says NAS provides a hybrid solution that combines fractional ownership, aircraft management and other services. "There is no single customer in the Middle East that a traditional solution will fit exactly, so we tailor the programme to the customer," he says.
Source: Flight International
