Jetex and Berlin Neuhardenberg Airport announce the signing of a joint venture agreement. Credit: Jetex.

UAE-based aviation company Jetex has reached a joint venture (JV) agreement with Germany’s Berlin Neuhardenberg Airport for developing an executive aviation terminal and fixed base operation (FBO) at the airport.

Under the 50-50 JV, a special purpose vehicle (SPV) called ‘FBO Berlin Neuhardenberg’ will be formed by the two companies.

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The move will see the creation of a 1,500m² private jet terminal, flight support and conference centres.

It will also include the development of office buildings, as well as associated groundworks and infrastructure.

Featuring approximately 20 additional parking spaces for private jets, the new FBO will also feature repair and overhaul facilities, equipment and ground support.

After the signing ceremony, Jetex and Berlin Neuhardenberg Airport intend to begin works on terminal design and infrastructure planning.

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The site will be powered by green energy generated by the solar farms at Berlin Neuhardenberg Airport, making it the world’s first pure green FBO.

In addition, the project is set to reduce carbon emissions in the Berlin metropolitan area, thereby creating an environmentally friendly airport for Berlin and the East German market.

Jetex founder and CEO Adel Mardini said: “Jetex is committed to delivering its customers the highest levels of service and a seamless experience. A major factor in our success is the ability to grow our FBO network in key international gateways with significant private aviation demand.

“As the capital of Germany and a major commercial and cultural centre, Berlin is a destination we have longed to get a presence in. Neuhardenberg is an excellent airport for our first FBO in Germany that offers the space required to develop a world-class private jet terminal and FBO operation.”