A group of Middle Eastern investors has agreed to purchase 12 Gulfstream IV-SP business jets, worth $335 million, for a fractional ownership programme in the region. The scheme, announced last November at the Dubai air show, will be managed by Executive Jet International (EJI) as an extension of its Gulfstream Shares fractional programme.
The first aircraft is to enter service early in 1999, with deliveries continuing until 2003. Gulfstream will provide two core fleet aircraft to support the programme.
EJI, meanwhile, says that its NetJets scheme, which includes Gulfstream Shares and NetJets Europe, now has more than 850 fractional owners and involves 123 aircraft, with 190 more on order.
Source: Flight International
