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Regional aviation set for boom
- The Middle East business aviation market is set to become one of the world's fastest-growing business aviation markets if predictions for growth over the next six years are correct. According to the Middle East Business Aviation Association (Mebaa) the industry is likely to become a $1 billion-per-year industry by 2018.
Recognised as one of the most important markets for top-of-the-line corporate jets, the Middle East is clearly eyeing a bigger role in the global market. In a statement appearing in May's Gulf News, Shane Jeffree O'Hare, president and CEO of Royal Jet, an Abu Dhabi-based company, estimated the market to be worth "half a billion US dollars" until 2010. "And I expect it will remain at the same level for the next few years," he said.
Meanwhile, Mebaa looks to establish a strong international profile as it gears up to participate in the European Business Aviation Convention and Exhibition (Ebace) — Europe's premier business aviation show, due to take place in Geneva, Switzerland, from Tuesday to Thursday. "Our participation in Ebace continues our strategy of creating global awareness for Mebaa by taking it beyond the shores of the Middle East and supporting the growth of the region's business aviation industry through focused activities that have a global profile and reach," Ali Ahmad Al Naqbi, founding chairman of Mebaa, said.
The show will feature nearly 460 exhibitors from around the world, with more than 60 aircraft including nearly every major business aircraft design in current production, on display.
