Sunday, May 13, 2012

Construction underway on Dubai World Central’s Aviation District

Construction underway on Dubai World Central’s Aviation District

Majestic Wings to move mid 2013, joining other high-profile aviation companies

May 13, 2012

Dubai World Central (DWC) has announced that construction is underway at DWC’s Aviation District, a purpose-built area designed to meet the needs of aviation businesses, and leasing negotiations have commenced with FBOs (Fixed Base Operators) and other aviation businesses. DWC further revealed that Majestic Wings Private Airplane Charter LLC is planning to move within 12 months, making it among the first high-profile aviation companies to set up operations, sustaining DWC’s strategy of expanding general aviation services as an important step in the long-term growth of the aviation industry. The company will occupy a 7,360-square meter plot within one of the most premium locations.

Majestic Wings, which is co-owned by H.E. Sheikh Hamad Bin Tahnoon Al Nahyan and H.E. Sheikh Khalifa Bin Hamad Al Nahyan, will develop a class ‘A’ hangar facility. Majestic Wings joins an exclusive and growing list of companies that have been authorized to establish FBOs and provide high-end aviation services in DWC’s Aviation District. The landside and airside facilities of DWC’s Aviation District complement the requirements of aviation businesses such as Majestic Wings, providing a launch pad to capitalize on business prospects in the region’s promising general aviation sector.

The class ‘A’ hangar is within walking distance of the newly announced permanent venue of the Dubai Airshow, starting 2013. Leveraging the integrated master development concept of the Aviation District, Majestic Wings will have direct access to both Jebel Ali Port and the components of DWC including Logistics District and Al Maktoum International Airport. It will also have a dedicated apron measuring 4,738 sqm in front of the hangar facility, providing space for several aircraft and ensuring easy access for clients.

H.H. Sheikh Ahmed Bin Saeed Al Maktoum, Chairman, Dubai Aviation City Corporation said, “Majestic Wings’ moving to DWC is among the first of many expansions in the aviation sector. DWC continues to energize the industry with opportunities for business growth. DWC is positioned to meet the present and future needs of aviation, air transport, commercial and logistics businesses, being the world’s first purpose built aerotropolis. Dubai World Central will continue to play an important role in the long-term strategic growth plans of the emirate as we aim to establish Dubai as a premier hub for the aviation and logistics industries in the MENASA region and around the world.”

H.E. Sheikh Hamad Bin Tahnoon Al Nahyan said, “Majestic Wings’ movement to the facility at DWC is in line with our strategic growth plans to position the company among leading global players in the general aviation industry. The landside and airside integration is in sync with facilitating our general aviation business. We aim to take advantage of the growing aviation sector in the region, and moving to DWC’s Aviation District is the logical step to achieve that.”

Khalifa Al Zaffin, Executive Chairman, Dubai Aviation City Corporation said, “The addition of Majestic Wings to Dubai World Central’s Aviation District is a positive step towards bolstering DWC’s long term strategy and the aviation industry in general. DWC reflects Dubai government’s vision of diversification and sustainable economic growth through a long term, multi-phased plan contributing to economic, social and infrastructure/ land development.”

Rashed Bu Qara'a, Chief Operating Officer, Dubai Aviation City Corporation, said, “High-profile regional and international investors and companies specializing in aviation-related services, especially FBOs, are seizing the opportunity to move ahead with their business plans in the region, leveraging Dubai World Central’s state-of-the-art aviation and logistics facilities and multi-modal infrastructure. DWC’s partnership with Majestic Wings is testament to the growing reputation of DWC as the favored destination and operations base of aviation companies catering to various niche markets. DWC’s Aviation District provides a solid business environment with potential for growth in the general aviation sector.”

DWC further revealed that it will host the upcoming Middle East Business Aviation Association (MEBAA) exhibition, a forum for gathering, understanding and communicating the needs and benefits of business aviation within the Middle East to businesses, governments and media worldwide.

Dubai World Central and Majestic Wings had earlier signed a deal to set up the project's second FBO facility with an investment value of AED 200 million. Under the agreement, Majestic Wings will build its own facilities to offer a full range of FBO services with a focus on business jets. The company will also own two Gulfstream G200 aircraft, which will be sub-leased to corporates for business trips, freight transport and special large group flights.

The Aviation District, spread over 6.7 square kilometers within DWC, is being designed as a one-stop centre for all aviation-related operations and future regional headquarters for leading companies working in aviation industries. The Aviation District is established to host all aviation manufacturing and associated industries, Fixed Base Operators (FBOs) & Maintenance Repair & Operations (MROs), aviation support services, design and consultancy, research and development, aviation training, products and parts, light manufacturing units and high-technology industries. From 2013, Dubai World Central’s Aviation District will host the Dubai Airshow, the foremost aerospace event in the Middle East.

About Dubai World Central (DWC):

Dubai World Central (DWC) is a strategic initiative of the government of Dubai that strongly positions the emirate as a leading international trade centre. Recognised as the Middle East's first aerotropolis, Dubai World Central is one of the most ambitious projects of its kind in the world comprising the new Al Maktoum International Airport, set to be the world's largest in volume and size upon completion, and the adjacent specialized free zones focused on logistics sectors and aviation industries.

DWC occupies an area of 140 square kilometres in Jebel Ali and is in close proximity to Jebel Ali Sea Port, the sixth largest container terminal in the world. In addition to the dedicated link to Jebel Ali Sea Port, DWC's unique multimodal capabilities are supported by links to all main motorways in the country and the Al Maktoum International Airport, which once complete will handle up to 120 million passengers and 12 million tons of air cargo per year.

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About Majestic Wings Private Airplane LLC:

Majestic Wings Ltd. provides business private jet charter services; VIP air transportation; executive handling, charter and land services for business aircraft, in partnership with a European operator. Established in 2008 with its headquarters in Dubai, UAE, the company is owned by H.E. Sheikh Hamad Bin Tahnoon Al Nahyan and H.E. Sheikh Khalifa Bin Hamad Al Nahyan.

Majestic Wings has signed an agreement with Dubai World Central to establish a fixed base operators (FBO) facility within the Aviation District, in line with the company’s strategy of offering the highest standards of quality and luxury to address the needs of high profile business executives.

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