Business Fleet Report YE 2022 MENA

AIRCRAFT REGRISTRY OVERVIEW
MARKET UPDATES
AIRCRAFT REGISTRY OVERVIEW
Registration within a chosen jurisdiction determines the legal parameters over the operational allowances and
certification requirements imposed upon registered aircraft, in addition to defining legal guidance over asset
management and support from the local Civil Aviation Authority (CAA).
NET FLEET GROWTH BY REGISTRY
400
390
419
UNITED STATES
N
ISLE OF MAN
M-
CAYMAN ISLANDS
VP-C
2020 1
2021 1
2022
22 | YE 2022 MENA BUSINESS JET FLEET REPORT
0+0+12 0+11+0 12+0+0 0+0+10 0+10+0 4+0+0 0+0+6 0+8+0 9+0+0 0+0+7 0+8+0 8+0+0 0+0+7 0+7+0 10+0+0 0+0+7 0+7+0 6+0+0 0+0+7 0+7+0 9+0+0 0+0+42 0+32+0 33+0+0
0+0+51 0+53+0 56+0+0 0+0+49 0+44+0 52+0+0 0+0+47 0+39+0 34+0+0 0+0+33 0+37+0 41+0+0 0+0+33 0+31+0 34+0+0 0+0+32 0+29+0 28+0+0 0+0+29 0+25+0 24+0+0 0+0+18 0+23+0 24+0+0 0+0+16 0+15+0 15+0+0 0+0+13 0+4+0 1+0+0
56
53
51
52
44
49
34
39
47
41
37
33
34
31
33
28
29
32
24
25
29
24
23
18
15
15
16
1
4
13
NOTE:
1. 2020 and 2021 data is based on JETNET LLC.
BERMUDA
VP-B/VQ-B
UNITED ARAB EMIRATES
A6-
SAN MARINO
T7-
SAUDI ARABIA
HZ-
QATAR
A7-
MOROCCO
CN-
EGYPT
SU-
MALTA
9H-
ISRAEL
4X-
ALGERIA
7T-
IRAN
EP-
LIBYA
5A-
ARUBA
P4-
KUWAIT
9K-
OTHERS
12
11
12
4
10
10
9
8
6
8
8
7
10
7
7
6
7
7
9
7
7
33
32
42
The United Arab Emirates (A6-) retained its position
as the most popular aircraft registration in the
region, with a market share of 12%. Among the
business jet fleet based within the UAE, around
40% are under the A6- registration. The number
of registrations has fallen consecutively over the
past two years, but with a favourable business
environment, especially for foreign companies
setting up operations within the UAE, the UAE
registry remains an attractive proposition for
stationing business jets in the UAE.
Saudi Arabia (HZ-) had a similar proportion of
domestically registered aircraft in its fleet to the
UAE, at 40%; however, the count of registrations
had likewise witnessed a continuous drop, and
most recently, four aircraft were deregistered from
Saudi Arabia in 2022. The proportion of aircraft
in the fleet with registrations from the United
States and offshore jurisdictions has been steadily
increasing, with both types of registrations now
accounting for over 57% of registered aircraft in the
Kingdom. Offshore registries now account for 35%
of its registered aircraft, including 19 aircraft with
the Cayman Islands (VP-C). The Caribbean based
registration held the greatest number of registrations
outside of the local jurisdiction, exceeding the
number of US registrations in the fleet.
Having dropped by eight aircraft in 2021, the United
States registry (N) rebounded with five registrations
to a total of 49 registrations in the MENA region and
stood as the second most popular registration with
a share of 11% of all registrations currently based
in the region. Kuwait had the highest proportion
of aircraft registered in the US, at just under 27%,