Macau: Private jet company Jet Asia wants to increase fleet and double business in 2009

18 November 2008

Macau, China, 18 Nov – Jet Asia, a private jet company headquartered in Macau, plans to start operating to Taiwan and Thailand in 2009 with the aim of doubling turnover over the next 12 months, according to a report from MacauNews Monday.

Jet Asia flies about 50 charters each quarter, with that number expected to double by the end of 2009 and fleet size expected to jump from eight to 14 aircraft.

Chief executive officer Chuck Woods said nine jets would be owned by Jet Asia and the others privately owned and managed by the company.

He said the expansion plans were designed to get the company’s airplanes “closer to their target markets.What we are doing is instead of having all our eggs in the Macau basket, we are distributing to other areas.”

The company was established in 1997, initially to serve Sociedade de Turismo e Diversões owned by Macau gaming magnate Stanley Ho, and has eight jets in its fleet, with the ninth aircraft due to arrive in the coming months.

The fleet is made up of six US-made eight-seater Hawkers and two 12-seater Challengers. The company is still deliberating plans for a converted 140-seat airliner that will be used as a 20-seat private jet.

About 80 per cent of use is corporate and 20 per cent private or leisure use,” Woods said, noting that the private aviation sector was growing.

Jet Asia is based in Macau and has an outlet in Kuala Lumpur, Malaysia, employs 80 people, a number that si expected to rise in 2009 based on the company’s projects for Taipei and Bangkok. (macauhub)