Corporate jet demand rises in Middle East
Demand for large corporate jets in the Middle East has increased by 5 per cent due to the annual steady rise in airline traffic despite the world economic slowdown last year
‘Last year, we sold 80 corporate jets in the Middle East, a majority of them in Saudi Arabia, the biggest market for wide-bodied jets,’ , Francois Chazelle, Vice President, executive and private aviation, Airbus Middle East, told a press conference.
He attributed the rising demand for both corporate and commercial aircraft to a steady 5 per cent rise in airline traffic annually despite the world economic slowdown last year.
‘At this rate, the airline traffic is set to double every 15 years,’ he said, adding that the next two decades will need 1,500 aircraft of all types and sizes, both commercial and corporate.
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