2011 has been an interesting year, a better one compared to the previous year and Jeteezy has made steady growth in the process. As we complete year end closings of accounts and penning new agreements to start taking effect from next year, we look forward to a busy 2012.
Firstly, we are happy to be moving to a location at Seletar Airport by mid Jan. We will be doing our Lake Amphibious Aircraft sales from that location as well as providing all the services that Jeteezy is known for, with the addition of managing a few private jets as well.
We may scale down third party charter flights in order to focus more on sales and leasing of our owned Aircraft stock. Our markets in Sri Lanka, India has expanded to include Malaysia, Indonesia and Bangladesh. Where we have leasing opportunities for the Lake Amphibious Aircraft, we shall position in those markets. There is a lack of leasing companies in the region, especially with respect to smaller Aircraft. We see a niche opportunity for that business in 2012.
We are expanding staffing as well, in addition to one more pilot, we are adding a specialist to assist in special operations configuration for the Seawolf amphibious Aircraft and another Administrative Assistant, both joining in January 2012. We are injecting fresh capital into the company to take its goal forward through the year ahead. The Jet engine efficiency improvement program that has started with our US main partner this year will also continue next year. It may take the entire year of testing and product development before the product becomes available for commercial use Worldwide, after extensive certification process. Watch this space as well!
We will have a presence at the Singapore Air Show in February 2012. Meeting some of our clients and guests from overseas during the period will cement ties further and expand the market. Niche markets may grow better than traditional businesses in 2012 and we are positioned to provide services for the same. We would like to take this opportunity to convey our Seasons Greetings and a Very Happy and Prosperous New Year to all our friends, well-wishers, clients, customers, providers and so on. All the best for 2012! May it be a banner year for all.