Saudi Arabia’s National Air Services places US$650 million orders for Gulfstream G450 business jets
National Air Services (NAS), the largest and fastest-growing independent provider of private aviation and fractional share services in the Middle East, today announced it has signed a multi-aircraft contract with Gulfstream Aerospace. The multi million dollar contract calls for firm orders on three large-cabin, long-range Gulfstream G450 business-jet aircraft, with options for 17 more G450s, which if exercised will bring the contract’s value to potentially in excess of US$700 million.
Deliveries will commence from the third quarter of 2009 and will then take place over the next five years. NAS has previously announced the purchase of another three Gulfstream G450s, scheduled to be delivered in the third quarter of 2007.
“We are committed to the long-term success of NAS,” said Joe Lombardo, president, Gulfstream. “We are confident these aircraft will add significantly to NAS’s capability to offer unparalleled service to customers in the Middle East.”
“The Gulfstream deal is crucial for NAS future fleet plans and a landmark for our company. We serve an increasingly growing market and this deal is a demonstration of our commitment towards our customers”, noted Taher Agueel, CEO, NAS. “A jet class of its own, the G450, is destined to appeal to the passionate corporate and private aviation traveler across the Middle East.
The leading provider of aviation services in the Middle East, NAS operates four distinct strategic business units, offering its customers non-traditional, total solutions to meet their various aviation needs. The company is the Middle East representative of NetJets, offering fractional ownership and leasing options, and has for the past six years, been providing this service along with full portfolio of aircraft management service solutions.
To complete its package of products, NAS also offers two commercial services, Al Khayala airlines a scheduled all business class service between the Saudi Arabian cities of Riyadh and Jeddah as well as International services to Dubai. and the recently launched nas air, Saudi Arabia first domestic carrier built on the budget business module.
The only licensed private aircraft operator in Saudi Arabia, NAS has its operational headquarters in Riyadh, Saudia Arabia, and satellite offices in Cairo and Jeddah.