Although charter providers form an important part of the Middle East aviation market they have faced tough times in recent years, unlike the region’s royal flights. “Royalty always had money and always will have money,” said Richard Aboulafia, vice president of analysis for Teal Group, of Fairfax, Virginia. “The entrepreneur class that was growing has obviously been hit by the downturn, though,” he added.
News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine powered airplanes and helicopters. Subjects include aircraft, engines, personnel, acquisitions, accidents, safety, security and training.
Embraer Executive Jets (Chalet A7) is enjoying strong sales with a cumulative total of more than 630 sold in 50 countries to date, according to Colin Steven, the unit’s vice president of sales and marketing, Europe, Middle East and Africa. “We delivered 99 jets in both 2011 and 2012, despite the total market deliveries having dropped 6 percent in the same period,” he said.
International Wings Group (IWG), the privately owned, Jordan-based aviation concern, has won the management contract for Iraq Gate, the first private jet company with an air operator’s certificate (AOC) in Iraq. It said its unit, Arab Wings (Stand 2418), the Jordanian charter unit of IWG, won the contract in June.
Charter operator Gainjet (Stand 2306) recently expanded its fleet with the addition of a 68-seat VIP-configured Boeing 737-400. The Greece-based group has made a specialty of operating former Boeing airliners, with two other 737s already in service (one with 48 seats and the other with 60 seats). The fleet also includes a very spacious 62-seat 757-200.
“The African continent has great potential to become a business aviation hub, which led to us opening our facility in Lagos in October 2012,” said Ettore Poggi, ExecuJet Africa’s managing director. “Traditionally, Africa has mainly been a turboprop market, popular with mining companies and the tourist industry.
The latest figures from the International Air Transport Association show that international traffic growth and passenger demand in the Middle East is still outpacing the rest of the world. With competition among operators getting tougher every day, the need for proper flight planning is more important than ever.
Business aviation is set to make a strong showing next week at the Dubai Airshow, with the sector expected to account for about one-third of the 150 aircraft on static display and approximately 220 of the more than 1,000 exhibiting companies. In addition to the airframers, business aviation service providers such as Jet Aviation, ExecuJet Aviation, Royal Jet and Jetex are exhibiting at the event, which opens on Sunday.
Business aircraft activity last month climbed to its highest level since 2008, rising 1.8 percent from a year ago, according to TraqPak data released yesterday by aviation services company Argus. This marks the fourth year-over-year increase this year.
According to the latest business jet market update from J.P.Morgan, recent data shows further weakness in the pre-owned business jet market. Used inventory rose to its highest level since late last year, while pricing showed another sequential decline, the firm said. Business jet flying bounced back, however, providing a glimmer of hope.
After making a €190 million cash infusion, Tata Ltd., the British arm of the Indian Tata Group, and Abu Dhabi-based Mubadala Development became the main shareholders of Piaggio Aero Industries, while Piero Ferrari remains as a minority stakeholder. Before the transaction, Tata and Mubadala each owned a one-third share in the company.