UAE is third largest market for business aircraft

According to 2014 General Aviation Statistical Databook & 2015 Industry Outlook issued by GAMA, an international trade association representing more than 85 of the world's leading manufacturers of general aviation airplanes, total airplane shipments increased to 2,454 airplanes, while billings rose to US$24.5 billion in 2014.

These figures were highlighted yesterday at the soft launch of a new company named ‘X Jets' in Dubai by Private Jet Charter, PJC, one of the world's largest independent private jet charter brokers, and Jet Connections, an international company specialising in private aircraft management, sales and acquisition. The new company will specialise in offering fully-fledged aircraft management services.

X Jets deal will cover the Middle East region, and plans expansion into Africa and India later in 2016. This step reinforces the position of Dubai as a world class aviation centre and it is the newest addition to the aircraft management industry in the region.

The initial operations are set to begin in Q1 2016 driven by the global networks of both companies. X Jets is targeting a significant market share of the air charter management sector in 2016, according to Hugh Courtenay, Chairman of the new company and Founder and Chief Executive of PJC.

"The aircraft industry in the Middle East continues product development and innovation which improves deliveries. Business jet delivery is huge in the Middle East, which has driven us to launch this new company. X Jets will provide a strong growth driver in a very fast expanding market," says Courtenay. "X Jets will be supported by two leading jet fleet operators, which offer maximum ease, affordability and availability round the clock to our clients. Our global network backed with the reliable services of Jet Connections will help in offering superior services to clients of X Jets."

Zaher Deir, Managing Director of X Jets and Jet Connections, said, "We are delighted to launch this new company. Selecting Dubai as a base for X Jets is ideal as it is a gateway to all other markets. We believe there is immense scope of growth of executive charter air services in the Middle East region."

The company opened its headquarters in Dubai, one of the fastest growing and huge potential aviation hubs in the world. According to recent industry reports, the UAE is the third largest market for business aircraft in Middle East with 17% market share.

Through Dubai, the new addition to aircraft management industry in the Middle East, X Jets will offer a wide range of distinguished jet aircraft services, including world-wide aircraft charter, turn-key jet aircraft management and maintenance, jet aircraft sales and acquisitions and expert, competent staff catering to every travel need.
Source: WAM