Wealthy residents of Arab countries currently in turmoil are increasing fleeing to safe havens such as the United Arab Emirates, with Abu Dhabi and Dubai being the most preferred destinations.
Al-Jaber Aviation told Bloomberg News that it added 500 percent more flights in the last three months in comparison to the same period last year, mainly from its private-jet services originating in the unrest-hit countries of Egypt, Tunisia, Bahrain and Yemen.
“Egypt saw the biggest increase, with high net-worth individuals flying to Dubai, Abu Dhabi and Europe,” al-Jaber’s chief operating officer Mark Peirotti told Bloomberg.
Royal Jet, a luxury business carrier owned by the Abu Dhabi government, projects a 15 percent boost in sales this year and increase in profit that will be “comfortably ahead” of targets, said its Chief Executive Officer Shane O’Hare.
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