New research reveals its a buyers market for business aircraft
Our research reveals that 10% of the Middle East’s business aviation fleet is currently up for sale. Saudi Arabia, Turkey and the UAE have 61% of all business aircraft in the region, and account 73% of those currently up for sale there.
Individually, 16% of the UAE’s business aircraft are for sale, and the corresponding figures for Saudi Arabia and Turkey are 13% and 7% respectively.
|Country||Fleet size||For sale||%age for sale|
|Rest of Middle East||130||8||6.2|
|All Middle East||792||78||9.8|
Martin Ringrose, our Managing Director for the Middle East region, commented:
“Long term, we expect the number of Middle East business aviation aircraft operating to increase – indeed around 22% of the region’s current fleet were delivered between 2010 and 2014.”
“The Middle East’s landmass is around 90% of that of the US, and it has a population of 351 million people – some 32 million more than the US. However, the States has over 22,000 more business aircraft, and this shows the huge potential for the Middle East business jet market.”
“The Middle East business aviation market has one of the youngest fleets of all international regions, with business aircraft 15 years old on average, compared to 23 for the world as a whole. This is another indication of strong potential growth prospects.”
To capitalise on the current opportunities in the Middle East business aviation market and our strong prospects for growth, we have recently acquired additional aircraft parking space for our operations at Sharjah International Airport in the UAE. We have also reduced our basic handling prices by 20%. This ensures that our Sharjah FBO, just 30 minutes from Downtown Dubai is extremely competitive when compared to similar offerings in the region, notably Dubai South (60+ minutes away from Downtown Dubai).
This reduction in our costs is just one part of a global review of our contracts across all areas of our operations. Due to our increased size following ourmerger with Hangar8 plc in January 2015, the are able to make considerable costs savings and pass these on to the benefit of our customers.
We offer a wide range of services at our operation at Sharjah International Airport including line maintenance, which has been approved by EASA, FAA and UAE GCAA.