Middle East business jet market is soaring

By Jess Shanahan

The Middle East aviation market is rapidly growing and it’s the UAE that is leading the sector in terms of fleet size.

Gama Aviation, a global aviation services company, revealed that there are 792 aircraft in the Middle East with 176 of those having been delivered between 2010 and 2014. Compared to the rest of the world, the Middle East has a higher focus on mid- to large-sized aircraft. According to the research from Gama Aviation, around 59% of the Middle East’s aircraft are classed as medium to heavy, with 11% classed as business airliners.

The corresponding figures for global aircraft are 29.8% and 1% respectively.

Saudi Arabia has the largest fleet of business aircraft in the Middle East with 188, making up 23.7% of the region's total.

Martin Ringrose, Gama Aviation's managing director for the Middle East region, said: "The Middle East business aviation market is rapidly developing and is one of our major focus areas, which is why we are expanding our operations at the Sharjah International Airport. We expect to see the number of business aircraft in the region -- especially the larger ones, which we focus on -- to increase and with our experience, global footprint and economies of scale, we believe we are well-positioned to capitalise on this growth."

Not only is this good news for Gama Aviation but businesses across the Middle East are set to benefit.

Follow @BusinessRevME

Share

Featured Articles

SAP creates new EMEA region and announces new President

SAP has announced it has appointed a new President for a newly-created EMEA region, aiming to make the most of the opportunities of cloud and AI technology

How SAP is facilitating continuous business transformation

Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software

Siemens and Microsoft: Driving cross-industry AI adoption

To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI

Sustainability must become central to corporate strategy

Sustainability

The endless benefits of putting your people first

Leadership & Strategy

Working from anywhere: SAP uncovers secret life of employees

Human Capital