{UAH} Middle East and Africa accounts for 6.1% of global private jet market

Middle East and Africa accounts for 6.1% of global private jet market

Private Jet Charter reveals ambitious plans for expansion in Middle East

• Staff Report
• Published: 19:09 November 10, 2013
• 

Dubai: The Middle East and Africa (MEA) region accounts for 6.1 per cent of the global market for private jets, according to 2012 statistics by General Aviation Manufacturers Association (GAMA).

The private jet association reveals that 672 new private jets were sold globally last year, marking a 3.4 per cent drop from 2011 figures. A total of 11,261 private jets were registered for use in the US, and 7,997 jets in the rest of the world, as per GAMA estimates.

While the US makes up 49.7 per cent of the global market for private jets, Europe follows with 20.8 per cent, Asia Pacific 11.8 per cent, and Latin and South America 11.6 per cent.

The GAMA numbers were highlighted by Private Jet Charter (PJC), an independent private jet charter broker, while unveiling ambitious plans to expand its market share in Europe and the Middle East.

Emphasising the importance of the Middle East, Hugh Courtenay, Founder and chief executive of PJC, said in a statement that the Middle East holds a larger potential for private jet business compared to other more developed regions, "due mainly to the fact that the service industry in this region is still developing".

In the Middle East the company has its base in Dubai with a strong presence in Jeddah in Saudi Arabia. Besides, PJC also has offices in the key charter hubs of Moscow and Florida, and a network of offices in the UK and Nice, France.

"With investments increasingly migrating to emerging markets, traditional business hubs are losing ground," Ross Kelly, PJC's Managing Director for the Middle East, stated.

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Gwokto La'Kitgum

"Even a small dog can piss on a tall Building", Jim Hightower