Family-owned Al-Futtaim Group, the Dubai-based automotive, retail, electronics and financial services conglomerate, has signed a joint venture with DC Aviation to establish a new executive business jet company in the Middle East.
The new company, which will start operations in 2009, will serve the high-end Middle East market and aim to capitalise on the exponential increase in executives opting for privacy, time savings, convenience and superior personalised services.