Gama Aviation, the global aviation services company, and Global Jet Capital, a provider of financing solutions for large-cabin, long-range private jets, present their studies for the Middle East business aircraft market.
Gama Aviation’s research finds out that 56% of the Middle East’s fleet of business aircraft are classified as medium to heavy, and 14% as business jet airliners. The corresponding figures for the global fleet are 30% and 0.3%. The corresponding figures for the global fleet are 30% and 0.3%. There are some 794 business aircraft in the Middle East, and one in five of these (161) were delivered between 2011 and 2015.
Gama Aviation’s research also reveals that Saudi Arabia has the biggest fleet of business aircraft in the Middle East, with 187 (23.6% of the region’s total), followed by Turkey (157 and 19.8%) and the UAE (131 and 16.5%). These three countries also accounted for 69% of all business aircraft deliveries between 2011 and 2015.
Global Jet Capital announces that 56 mid to heavy/large private jets were delivered to the Middle East in 2014 and 2015, with a combined value of over $2.8 billion. Global Jet Capital says these aircraft typically cost between $25 million and $75 million each, and up to 80% of the funding used to purchase these is sourced through external financing. The largest number of deliveries were to Turkey (13), followed by Saudi Arabia (12) and the UAE (10).
Middle Eastern business aircraft fleet and breakdown, March 2016
|Country||Business aircraft fleet size||Market share||Share of fleet comprising medium, heavy and airliner jets||All business aviation deliveries, 2011-2015|
|United Arab Emirates||131||16.5%||73.3%||32|
|Rest of the Middle East||131||16.5%||51.9%||13|
|All Middle East||794||100.0%||69.4%||161|
|Midsize||Heavy jet||Jet airliner||All deliveries|
|United Arab Emirates||1||7||2||10|
|Rest of Middle East||1||13||0||14|
|All Middle East||5||45||6||56|