Following a successful short-term agreement, KlasJet, an exclusive private and corporate jet charter company, and ACMI service provider, has recently entered into a year-long contract with FlyEgypt for wet-leasing services.
FlyEgypt is an Egyptian low-cost and charter airline. The contractual partnership involves the leasing of a Boeing 737 aircraft, which will be based at Hurghada International Airport and operate flights to multiple destinations across Europe.
Augustinas Riskus, Deputy Chief Commercial Officer at KlasJet, commented on this partnership: “Earlier this year, we began working with FlyEgypt for a 2-month partnership and are thrilled that the airline was satisfied with our services, which led to an extension of our collaboration for an additional year.”
“We are dedicated to delivering a seamless experience for our clients and their passengers, placing great emphasis on quality and professionalism in all aspects of our operations.”
Ahmed Elhelw, Vice Chairman and CEO at FlyEgypt commented: “We were impressed by the competence shown by the KlasJet team, thus extending this contract was an easy decision. We trust that this will continue to be a successful and mutually beneficial partnership for both companies.”
FlyEgypt is an Egyptian low-cost and charter airline headquartered in Cairo. It was founded in 2014 and started operations on February 12, 2015.
The airline’s main base is Cairo International Airport, with a secondary hub at Hurghada International Airport. FlyEgypt flies to a network of destinations in Egypt, Europe, and the Middle East.
According to Planespotters data, FlyEgypt currently operates two Boeing 737-800 aircraft. The airline has a codeshare agreement with Air Cairo and is a member of the Arab Air Carriers Organization.
KlasJet is a Lithuanian charter airline that specializes in business-class charter flights. Having its headquarters located in Vilnius, it is a subsidiary of Avia Solutions Group offering VIP charter flights globally.
KlasJet was founded in 2013 and has since grown to become one of the largest private jet operators in Europe. The airline has operated the various business jet aircraft types, including Bombardier Global 5000, Gulfstream G550, and Cessna Citation X.
The operator also provides ACMI services. ACMI stands for Aircraft, Crew, Maintenance, and Insurance. It is a type of aircraft leasing arrangement in which the lessor provides the lessee with an aircraft, crew, maintenance, and insurance.
The lessee is responsible for paying for the fuel and other operating expenses.
ACMI leasing can be a good option for airlines that need to supplement their fleet or that are looking to expand into new markets.
It can also be a good option for charter companies that need to fly larger aircraft or that need to fly to more remote destinations.
KlasJet is a family member of Avia Solutions Group – while the world’s largest ACMI (aircraft, crew, maintenance, and insurance) provider with 180 aircraft fleet, operating on all continents in the world.
The group also provides various aviation services such as MRO (maintenance, repair, and overhaul), pilots and crew training, ground handling and other interconnected solutions.