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Africa Rising: The Next Frontier For Private Jets Business

Africa Rising: The Next Frontier For Private Jets Business

From  Global Trader

While Boris Johnston and David Cameron like to be seen on their bikes in the course of promoting business, the preferred mode of transport for the business big-hitters is the private jet.

From being a private jet skeptic, entrepreneur and investor Warren Buffet even went as far as saying he wanted to be buried with his.

John Travolta flies his own private jets – Jumbo scale in his case – while other celebrity private jet fans include Oprah Winfrey, Jackie Chan, Jay-Z and Tom Cruise.

But behind the glitz and the glamour lies a multi-billion pound industry that helps business executives and political leaders conduct their trade in what they see as an economy sensible manner.

However the Airbus A380, owned by Prince Alwaleed bin Talal Al Saud, costing an estimated $500m and including a two-car garage and a stable for horses and camels, would be difficult to justify.

What many people don’t know about, though, is the essential – and often life-saving – services involving private jets from California to Korea, and now increasingly in Africa.

British-based private jet operator Hangar8 – which has a 50-plane presence across the globe, including such places as Almaty in Kazakhstan – is one of the sector’s leading companies in the world and the main early adopter of operations in the continent, much of it surrounding medical evacuations and in-air treatments.

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The growth in demand has been so great that the firm, which is AIM-listed on the London Stock Exchange, has recently added a new Bombardier Challenger jet to its fleet of aeromedical aircraft in Africa.

Written by Eric Jackson | Read more at Global Trader