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HuaweiRoyal Jet, Abu Dhabi’s private jet operator, will finalise its fleet procurement plan comprising seven business jets worth in excess of $750 million by the second quarter of the year, its chief executive officer Shane O’ Hare said.
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The airline has been battling record fuel costs and fierce competition from subsidised rivals and in December said 1,000 jobs would go while warning it faced a half-year loss of up to A$300 million.
The show is taking place at Al Bateen Executive Airport, Abu Dhabi’s dedicated business aviation airport, and will conclude on Thursday.
The new route will launch on October 26 2014 using two-class Airbus A330-200 aircraft, with 22 Pearl Business seats and 240 Coral Economy seats.
Chicago will become the airline’s ninth gateway in the USA, coming soon after the commencement of its services to Boston, Massachusetts on March 10 this year.
The Expo will bring together owners, pilots, fixed-based operators and professionals in the general aviation industry from more than 70 countries.
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China Eastern Airlines led losses in the nation’s shares traded in New York after a report showed the industry’s cargo volume declined last month, the latest sign that the world’s second-biggest economy is slowing.
Passenger growth at Abu Dhabi International Airport has marked another double-digit increase with a 14.5 per cent rise for January compared to the same month last year.
Smaller passenger planes are increasingly in demand in Asia as budget carriers cash in on the region’s growing middle classes by expanding their reach to less prominent cities, industry executives say.