Asian Sky Quarterly 2022 Q4

MENA PROFILE: BUSINESS JET
Seller Location - sold to MENA
Corp. Airliner
Long Range
Large
0 2 4 6 8 10 12 14
16
NORTHERN AMERICA
MIDDLE EAST
NORTHERN EUROPE
EASTERN EUROPE
WESTERN EUROPE
CENTRAL AMERICA
SOUTH ASIA
SOUTHERN EUROPE
3 4 8
1 6
1 4
1
1 1
1 1
1
1
1
Note: Only transactions where the buyer and seller country are known are included.
Buyers in the region mainly preferred jets from the United States, in due
part to their sheer availability on the US pre-owned market. However,
as is usual in other regions, the second highest number of transactions
were intra-region.
Buyer Location - sold from MENA
Corp. Airliner
Long Range
Large
0 1 2 3 4 5 6
7
MIDDLE EAST
SOUTHERN EUROPE
EASTERN EUROPE
NORTHERN AMERICA
WESTERN EUROPE
NORTHERN EUROPE
NORTHERN AFRICA
CENTRAL ASIA
SOUTHEAST ASIA
1 5
1 3
1 3
3 1
1 2
1 2
1
1
1
NNote: Only transactions where the buyer and seller country are known are included.
Over half of Large cabin aircraft sold from MENA headed to various
sub-regions across Europe, whilst 35% were intra-MENA transactions.
Meanwhile, 50% of Corporate Airliners sold from the MENA market
went to the United States, which is the second biggest market for
Corporate Airliners around the world.
Overall, the business aviation market in the MENA region is undergoing
a self-adjustment process, with local users gradually upgrading their
aircraft. During the pandemic, these users enjoyed a good period amid
high demand, as market dynamics leaned towards a sellers’ market.
However, recent market statistics suggest that this trend may be
coming to an end. Sellers may now have to engage in more negotiations
with buyers and could therefore expect longer transaction periods.
14 | GLOBAL SKY QUARTERLY — FOURTH QUARTER 2022