Austria-based International Jet Management (IJM) and Bahrain-based MAE Aircraft Management WLL, a subsidiary of MENA Aerospace Enterprises WLL, have entered into a Joint Venture in the Kingdom of Bahrain.
MAE Aircraft Management’s operation is based at its Private Hangar at Bahrain International Airport, and holds an Aircraft Operating Certificate issued by the Kingdom of Bahrain’s Civil Aviation Affairs. The Joint Venture will promote, sell and coordinate V-VIP and corporate travel on chartered business jets.
The cooperation allows IJM to further develop its business in the Middle East Region together with a well established and well respected aviation player in the region with an existing regional infrastructure and business network. The Joint Venture’s objective is to expand the aircraft management business and to provide superior service to the regional business jet charter market.
Felix Feller, Founder and CEO of IJM said: “The cooperation and partnership with MENA Aerospace is the next step in our strategic and measured expansion. We believe there is a huge demand for aircraft management and charter solutions that are tailored to the growing Middle Eastern market. The knowhow and experience of IJM in the field of aircraft management and charter services combined with MENA Aerospace’ regional infrastructure, local insight and business network will allow us to achieve our strategy for mutual growth.”
The existing business of IJM and its Austrian Air Operator Certificate will be not affected by this new partnership.
Dr. Mohamed Juman, MENA Aerospace’s Managing Director said: “We are certainly excited at the prospect of implementing this Joint Venture and offering the region superior private and business aviation solutions. We see our customers benefiting from the best of both worlds; An experienced European aircraft management and charter service provider, partnering with a mature, well-developed aviation services provider with regional presence and infrastructure. We are also very eager to support the Joint Venture operation with our technical support services and aircraft hangar facilities.”
The Joint Venture will operate under the name IJM MENA to emphasize the value proposition of the partnership.