Petrofac, an oil services company, invested $1.5-million for a private jet for its top executive. Royal Jet exceeded its 2012 forecast by increasing its sales figures for Boeing Business Jets and Gulfstream models in terms of aircraft usage and block hours. Business aviation leader XOJET announced that Benjamin Murray, former EVP of NetJets, Inc., and CEO of Executive Jet Management has joined as president. The past 18 months have dealt private aviation major fiscal blows and severe public scrutiny.
The Middle Eastern private jet market is witnessing strong recovery, according to a leading operator in the region.

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