Business Fleet Report YE 2022 MENA

EXECUTIVE SUMMARY
Gulfstream had the highest net increase of 14 aircraft, with five
new deliveries, 13 pre-owned additions, and four deductions. Airbus
and Boeing contributed net additions of three and one aircraft,
respectively. Dassault and Textron were the only top OEMs in the
region to incur net reductions in the MENA region. Three Hawker
800/XP and two Citation 500/501 aircraft left the region along
with three other Textron models. Although there were five Textron
aircraft added to the MENA region, the additions did not offset the
deductions, resulting in a net decrease in Textron’s MENA fleet. A
total of six Dassault aircraft departed from the region including two
Falcon 900 aircraft, with four pre-owned additions, Dassault’s MENA
fleet decreased to 28 in 2022.
With 22 units, the Long Range G650ER was one of the most popular
models in the region, followed by Textron’s Hawker 800/XP and the
BBJ1, both of which had 19 units.
Bombardier’s strong regional presence was led by popular models
such as the Global 5000 (18), Global 6000 (16), and Challenger
605 (15). Gulfstream’s G450 (16), G650 (16) and GIV/GIV-SP (15),
Embraer’s Legacy 600 (15), and Airbus’s ACJ319 (12) were also well
represented in the region.
With many HNWIs from around the world relocating their residences
and establishing business interests in the MENA region, it is perhaps
unsurprising that business jets serving these clients generally fly
longer routes. The United Arab Emirates (UAE), for instance, had some
of the busiest international business jet routes in the second quarter
(Q2), with 138 flights to and from the Maldives and a quarterly high
of 208 flights to and from India. This trend is expected to continue
as the UAE incentivises HNWIs with its low taxes, renowned wealth
management services, and convenient infrastructure.
Long Range models accounted for 118 aircraft, or 28% of the total MENA
fleet, which clearly reflected the region’s demand for long-distance
routes and high end aircraft. The top three countries with the greatest
number of Long Range business jets included the UAE (42), Qatar (20),
and Israel (15). It is worth noting that Corporate Airliners were even more
popular in the MENA region compared to the Asia-Pacific and European
business jet markets. Corporate Airliners had a 21% share of the MENA
business jet fleet, compared to a 9% share in the Asia-Pacific fleet, and
only a 2% share in the European fleet. The availability of large scale,
modern infrastructure particularly at Middle East airports made them an
attractive hub for business jet to establish their operating routes from
other regions travelling into MENA.
YE 2022 MENA BUSINESS JET FLEET REPORT | 5