Jetex’s ‘Milestone Year’ Sees Revenues Soar 50%

According to founder and CEO Adel Mardini, Jetex’s annual global revenues increased by more than 50% in 2022. The company is present in 50 places and delivers fuel to 2,100 airports and 37 terminals across the world, he said on the eve of EBACE 2023.

By being granted the authority to manage two FBOs at Abu Dhabi Al Bateen Executive Airport—the Royal Terminal and a VVIP facility—in April, Jetex completed the expansion of its fleet of FBOs in the Gulf Cooperation Council. Aviation officials in Abu Dhabi claimed that the company’s management of FBOs experience will enhance the quality of service at the airport.

We will be the official FBO operator at Al Bateen Executive Airport, the region’s only airport fully dedicated to private aviation,” Mardini told. “Jetex Abu Dhabi marks a milestone for our brand and confirms our commitment to the region.”

He intends to launch the Abu Dhabi installations by the end of the year after a thorough renovation of the facilities. Mardini promised that handover will begin as soon as possible.

The business is poised for significant advancement in Saudi Arabia, which has been growing quickly in order to become a key international aviation hub. Riyadh and Jeddah facilities will be taken over by Jetex, while new ones will be built in Al Ula and Neom. “The masterplan for the new King Salman International Airport in Riyadh includes FBO facilities and we look forward to taking the Jetex brand there,” Mardini said. “We also applied for Jeddah, Al Ula, and Neom—being in Saudi Arabia is…essential for the regional growth of the company.”

Elsewhere in the Gulf Cooperation Council, Jetex already operates in Oman at Muscat, where its team provides a full range of services, and Salalah. Mardini also awaits the issuance of an FBO tender in Kuwait, which is expected next month.

Meanwhile, Jetex continues to seek progress in Asia. It has an operations center in China, where it has 12 employees. “It would be great to see a Jetex private terminal in China one day,” Mardini said. “There is definitely room for growth in Asia-Pacific, especially in Indonesia.”

He estimates that in 2021 there were 3.2 million business aviation flights globally. “In 2022, there were 4.1 million—an increase of 39 percent.”

In 2018 and 2019, Jetex saw 43,000 flights going through its network. Then they dipped in 2020 before rising to more than 71,000 last year. “For 2023, my forecast is to facilitate more than 85,000 flights globally,” Mardini said.

The Jetex Annual Review 2022 said 514 private jets were based in the Middle East and 476 in Africa. “The Middle East fleet is growing—after Covid-19, more owners want to base their aircraft here,” he said.