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| Wallan Aviation is benefiting from
the kingdom’s excellent air transport
infrastructure. |
Chairman of
Wallan
Aviation Saad Wallan has always been
involved in the transportation industry.
Like many of his successful fellow nationals,
Captain Wallan believes that honesty, integrity,
generosity and hard work are invaluable
attributes in conducting business. He started
buying and selling cars while still at school,
and soon set up an automobile dealership,
which has now evolved into major company:
Wallan Trading. Steadily increasing business
commitments across the country (as well
as a stint working for Saudia) prompted
Captain Wallan to take up flying and to
buy a plane; the natural consequence was
the birth of a private aviation company
designed to fulfill the needs of Saudi Arabias
business elite.
Saudi businessmen
and companies now own in excess of 60 private
executive jets, indicating an upward trend
in the private aviation market. According
to Captain Wallan, owning a private jet
is beginning to be viewed more as a necessity
than a luxury by the countrys wealthy
entrepreneurs. The market is excellent
because of Saudi Arabias size. Transportation
to the large metropolitan cities is easy
to come across, but much of the business
is conducted in some of the smaller cities
such as Tabouk and Hail. Businessmen
who wish to travel to these cities are our
target market, says the companys
chairman.
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SAAD WALLAN
Chairman of Wallan Aviation |
In addition
to operating manned jets and managing private
aircraft for other business leaders, Wallan
Aviation is the sole agent of LearJet and
Cessna Citation aircraft in Saudi Arabia,
the Gulf, Jordan and Yemen. In the
last three years we have sold 25 airplanes,
which is a considerable result. Currently
we have nine airplanes on order that will
be delivered during 2005 and 2006,
says Captain Wallan.
The company
prides itself primarily on the quality of
its service, which stems from the fact that
the chairman knows his market as both a
pilot and a businessman. Because of
our excellent service, our customers develop
a certain loyalty towards us and trust us
to provide them with more airplanes whenever
they wish to upgrade their fleet. We are
doing very well already, but in the next
four to five years I believe that our business
will soar, he explains. Indeed, commitment
to high business standards has earned the
firm the 2004 Saudi Business Achievement
Award in the field of aviation.
Reforms in
the public aviation sector notwithstanding,
Captain Wallan believes that demand for
private aviation is on the increase, and
that investment opportunities are plentiful.
His own experience has led him to trust
and appreciate partnerships with U.S. companies,
as they have a record of transferring know-how
to the firms they do business with, but
he would welcome any international investor
to Saudi Arabias air transportation
industry. The way we conduct business
is the same as everywhere else. The only
difference I see is that the opportunities
in the field of aviation here are greater,
he notes.
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