Keeping pace with the booming economy in the Middle East, specifically in the Gulf, the region’s business aviation sector has been flying high.
The figures say it all. The Middle East Business Aviation Association (MEBAA) estimates that traffic and flying hours across the region are up over 12 per cent from last year.
It predicts that registered aircraft will increase from 500 to 1375 in the next seven years and that by 2020, the regional business aviation sector will be worth around $1.3 billion, up from around $1 billion in 2018.
“Spurring this is the infrastructure now in place and supporting its geographical advantage for corporations wanting access to Asia, Sub-Indian continent and Africa,” explained Ali Ahmed Al Naqbi, chairman of MEBAA.
“Operators, brokers, manufacturers, MROs, FBOs, regulators, distributors, lawyers, insurers, re-insurers, pilots, safety inspectors – they all have operations in the Middle East now, providing end-users with the right support structure,” he said.
09/11/13 Aarti Nagraj/Gulf Business.com
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The figures say it all. The Middle East Business Aviation Association (MEBAA) estimates that traffic and flying hours across the region are up over 12 per cent from last year.
It predicts that registered aircraft will increase from 500 to 1375 in the next seven years and that by 2020, the regional business aviation sector will be worth around $1.3 billion, up from around $1 billion in 2018.
“Spurring this is the infrastructure now in place and supporting its geographical advantage for corporations wanting access to Asia, Sub-Indian continent and Africa,” explained Ali Ahmed Al Naqbi, chairman of MEBAA.
“Operators, brokers, manufacturers, MROs, FBOs, regulators, distributors, lawyers, insurers, re-insurers, pilots, safety inspectors – they all have operations in the Middle East now, providing end-users with the right support structure,” he said.
09/11/13 Aarti Nagraj/Gulf Business.com
