International Air Charter plc, one of the world's largest independent aircraft charter brokers, is celebrating three successful years of operations in Dubai. The aircraft charter broker, who specialises in the provision of executive and VIP aircraft, has achieved remarkable growth since it began operations in 2002, posting a record 30 per cent increase in revenue for the year ended 31st December, 2004.
Hugh Courtenay, Chief Executive of International Air Charter plc stated, "The air charter industry in the Middle East has witnessed exceptional growth over the past couple of years. New operators in the market have fuelled awareness, and subsequently demand, for charter air services. International Air Charter has benefited from this upswing by posting an average 21 per cent revenue growth for the past three years.
International Air Charter has seen the most substantial growth among corporate travellers, particularly for short-leg destinations, such as intra-GCC sector. "Busy business executives need to travel quickly from one location to another without the inconvenience of waiting for connecting flights or danger of delays. Aircraft charter offers the distinct advantages of privacy and unbeatable flexibility, allowing travellers to move at their own pace. Corporates have learned to value this convenience against the premium one might pay for charter air travel. In fact, with increased usage, cost of air charter services will eventually even out, as it has in the Western world," continued Courtenay.
"Moreover, as independent brokers, we are able to offer clients a distinct price advantage," added Elie Abdo, Director of Business Development, International Air Charter plc.