Business Fleet Report YE 2022 MENA

EXECUTIVE SUMMARY
MENA BUSINESS JET FLEET GROWTH
450
400
350
300
250
200
150
100
50
0
417 -1.2% 412 2.2% 421
-4.3% 403 1.7% 410 0.7% 413 -3.1% 400 -2.5% 7.4%
390
2014
CAGR
2014 to 2022
0.1%
2015 2016 2017 2018 2019 2020 2021 2022
419
NOTE: Historical fleet data is based on JETNET LLC.
The overall trend in the MENA business jet market since 2014 has
been stable thanks to positive growth in the years 2016, 2018, 2019,
and 2022, offset by net reductions in 2015, 2017, the COVID-19
pandemic years. The MENA jet fleet experienced its greatest
growth rate most recently at 7.4%, which is the highest increase
since 2014. Overall aircraft numbers however still fell short of the
421 seen in 2016.
Three countries accounted for slightly more than 60% of the total
number of business jet aircraft in the MENA region, namely the UAE
(128), Saudi Arabia (82), and Israel (51). The Middle East was home
to over 90% of business jets in the MENA region (378), having added
32 aircraft from the previous year and surpassing the pre-pandemic
figure (371) of 2019. Having seen a net deduction of three business
jets during 2022, the sub-region of Northern Africa had a fleet of 41
jets at the end of 2022.
Nine of the top 20 operators saw fleet growth of between one to four
business jets. Qatar Executive solidified its position as the MENA
region’s largest operator with its current 19-strong fleet.
in the region which steadily increased, rising from 113 in 2020 to
139 in 2022. Offshore registrations have allowed business jets in
the region to benefit from tax breaks, simplified paperwork, and cost
savings associated with registering their aircraft outside of their
home country.
There was an appreciable degree of variance across the region
over domestic registrations, with countries such as Qatar and
Egypt having 85% and 63% of their business jet fleets registered
domestically and countries such as Algeria and Morocco with over
90%. In contrast, less than 30% of the business jet fleets in Israel
and Jordan were registered locally. Just under half of the business
jets in the region’s two largest fleets, the UAE and Saudi Arabia, were
registered domestically.
Rolls-Royce and Pratt & Whitney had the most engine installations in
the MENA region. Rolls-Royce was the leader in long-range engines,
with the BR700 engine powering the most popular Long Range
models in the region, such as the Gulfstream G650/ER, G550 and the
Bombardier Global series.
Offshore registrations are an emerging trend for business jets based
in the region, as evidenced the total number of offshore registrations
6 | YE 2022 MENA BUSINESS JET FLEET REPORT