Page 18 - AAA MAY - JUNE 2016 Online Magazine

FEATURE BUSINESS AS USUAL

to take delivery of 2,420 business jets in the Middle East, with 187 (23.6 per cent of the with continued, robust demand growth
period 2016 to 2032, a study by Research and region’s total), followed by Turkey (157 and in the heavy and medium jets segments.
Markets says. 19.8 per cent) and the UAE (131 and 16.5 per The business jet delivery numbers for H1
The Middle East business jets market has cent). These three countries also accounted 2015, however, have not been as optimistic
a promising outlook although currently the for 69 per cent of all business aircraft with aircraft deliveries and aircraft billings
business jets fleet in the area represents just deliveries between 2011 and 2015. declining by 4.1 per cent and 4.6 per cent
three per cent of the world total. With the It is projected that in the next decade, the respectively with the industry impacted by
region’s GDP projected to rise at an average business aviation industry in India will grow volatility in global markets and continued
of 3.8 per cent over the next two decades, three times and emerge as the third largest consolidation in the energy sector.
the prospects of the business jets sector are aviation market by 2020. However, long term demand drivers
bright, according to the Research and Market As business aviation activity continues to and market fundamentals for business
study. rebound from the depths of the downturn, it jets remain robust and firmly in place
New research from Gama Aviation plc, has meant good news and growing prosperity indicating towards sustained, steady
a global aviation services company, reveals for many of the companies that service those demand growth for business jets over
that 56 per cent of the Middle East’s fleet of aircraft. medium to long term. Additionally, the
business aircraft are classified as medium market dynamics for business jets are likely
to heavy, and 14 per cent as business jet Demand on the Rise to witness major transformation with the
airliners. Gama Aviation’s research reveals The delivery numbers continue to be era of supersonic business jets likely to
that there are some 794 business aircraft in dominated by Bombardier in volume terms become a reality towards the early 2020s
the Middle East, and one in five of these 161 and led by Gulfstream in value terms with a number of industry OEMs, led by
were delivered between 2011 and 2015. Gama respectively with the duo collectively holding Gulfstream, actively pursuing R&D towards
Aviation’s also finds that Saudi Arabia has over 70 per cent market share (based on development of a range of supersonic flight
the biggest fleet of business aircraft in the aircraft billings/sales revenues) in 2014 technologies capable of enabling feasible

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