Monday, September 6th, 2010

Middle Eastern private jet market to grow

The Middle Eastern private jet market is poised for consistent growth with more than 200 planes expected to be delivered in the region by 2015, according to an estimate released by Frost and Sullivan—the global research and consultancy firm.

The region accounts for around 6 percent of the global private jet market. Demand in the area is expected to rise within the next eight years as the market continues to grow.

The Middle East is witnessing rising demand for private charter flights as the region’s executives require urgent and frequent trips abroad.

“The privacy, prestige and productivity of corporate jets is well understood in the Middle East, where there is a strong and growing demand for VIP charter flights that AJA is well placed to satisfy,” explained John Leahy, Airbus Chief Operating Officer of Customers.

Despite the recession, a representative from Airbus said that the demand for customer private jets increased by five percent in the region.

Source: Private Jet Daily