Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Growth in UAE private aviation set to accelerate in response to Expo 2020   Join our daily free Newsletter

MENAFN Press - 24/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) The UAE's private aviation sector is set to enjoy the windfall benefits presented by the successful bid for Expo 2020, according to Dubai-based Empire Aviation Group, which operates the Middle East's largest managed fleet of business jets. The company has seen its business jet charter traffic increasing, with growth in corporate charters as a result of the rapidly growing economies of the GCC and the business re-building opportunities in Iraq.







EAG's corporate charter business is running 10% higher than the previous (2012-2013) winter charter season, in terms of the number of missions flown, with typical missions comprising corporate roadshows to several destinations in the region in a condensed and intensive itinerary. EAG is currently operating an average of two corporate roadshows, with international business people around the region, every month







Regional industry indicators remain encouraging with industry commentators suggesting that the regional business jet fleet size has grown seven per cent per annum over the last five years and aircraft purchasing plans are signaling robust demand and a preference for larger cabin, longer range aircraft. The UAE's aviation infrastructure is expading rapidly with the opening of Dubai World Central, complementing Dubai International and Sharjah International Airport; the UAE's only dedicated executive airport “ Al Bateen Executive Airport in Abu Dhabi “ has registered around 18% growth in visiting private aircraft over the last 12 months.








Paras Dhamecha, Executive Director at Empire Aviation Group, comments: "We are certainly seeing an increase in corporate charters compared to last year due to the healthier business climate in the region and the boost of the Expo 2020 success. We also see a more regional approach to corporatecharters with companies undertaking roadshows to multiple destinations around the entire GCC region, including Doha, Kuwait, Riyadh and Jeddah, which canonly be achieved efficiently through private charter, which offers the speed, convenience and flexibility for demanding business travel itineraries.







Corporate charter flights account for around 70% of EAG's total charter business in the region and for business people, the key trade routes around the GCC and Middle East remain very active, alongside the European cities such as Geneva and London, and the key business centres in Africa and the CIS countries



About Empire Aviation Group
EAG (www.empire.aero) is a one-stop shop for integrated private aviation services, offering aircraft sales, aircraft management, aircraft charter, and aircraft finance and insurance. Since formation in 2007, the company has successfully grown revenues and profit substantially every year. Today, the company has more than 100 staff and operates one of the region's largest managed fleets of business jets, with more than 20 aircraft under management, operating out of Dubai International Airport. The company focuses on a distinctive asset management approach to private aviation and has assembled a highly experienced team of aviation specialists, led by an experienced owner/management team. Air Works India Eng. Pvt Ltd became a strategic investor in Empire Aviation Group in 2012 and Empire Aviation was established as a division of Air Works to replicate the aircraft management services of Empire Aviation Group for aircraft owners in India.

 


MENAFN Press




  MENA News Headlines
 May 29 2016 - Tunisia environmental poverty values 2.7 percent of GDPMENAFN
(MENAFN) Environmental issues in Tunisia deteriorated notably since 2011, due to strikes in the sector of waste management, which stresses the authorities struggling to enforce the law.Moreover, the ...

 May 29 2016 - Egypt, Lebanon to launch Egyptian firm for exports in AfricaMENAFN
(MENAFN) Egypt is ready to finish launching the Egyptian-Lebanese firm for enhancing Egyptian exports to Africa in June this year.Moreover, the firm is set to be established with the value of USD ...

 May 29 2016 - Egypt- CBE receives banks' proposals to amend Banking LawDaily News Egypt
(MENAFN - Daily News Egypt) The legal department of the Central Bank of Egypt (CBE) is now receiving banks' proposals to amend Banking Law No. 88 of 2003. The CBE will review the Banking Law in ...

 May 29 2016 - 68m French grant to provide natural gas to 2.4m Egyptian householdsDaily News Egypt
(MENAFN - Daily News Egypt) A 68m grant from the French Development Agency (AFD) was approved by the cabinet to finance a mega-project, according to press statement from the cabinet on ...

 May 29 2016 - Egypt- 304 ships transit Suez Canal carrying 17.9m tonnes in past weekDaily News Egypt
(MENAFN - Daily News Egypt) Suez Canal traffic data revealed that 304 ships transited the canal, with a total load of 17.9m tonnes, from 21 to 27 May 2016. An average of 43.42 ships transited the ...

 May 29 2016 - Egypt- IED explosions continue to stalk security forces in North SinaiDaily News Egypt
(MENAFN - Daily News Egypt) A police officer and two police conscripts were injured when an improvised explosive device (IED) detonated on Friday evening near their armoured vehicle in front of ...

 May 29 2016 - Egypt- Court sentences Mubarak-era old guard politician and sons to jailDaily News Egypt
(MENAFN - Daily News Egypt) The Cairo Criminal Court ordered Saturday prison sentences and heavy fines for Safwat El–Sherif, the former secretary general of the National Democratic Party and ...

 May 29 2016 - Egypt- IMF hires CBE deputy governor to pen fiscal, monetary policies for emerging nationsDaily News Egypt
(MENAFN - Daily News Egypt) The International Monetary Fund (IMF) will hire Rania Al-Mashat, deputy governor of the Central Bank of Egypt (CBE), to pen the fiscal and monetary policies for a number ...

 May 29 2016 - Egypt- Al-Sisi inaugurates new headquarters for prosecutionDaily News Egypt
(MENAFN - Daily News Egypt) The new headquarters of the Egyptian Prosecution in Fifth Settlement was inaugurated by President Abdel Fattah Al-Sisi on Saturday morning in the attendance of Prime ...

 May 29 2016 - Egypt- Press Syndicate head, senior members summoned for investigationDaily News Egypt
(MENAFN - Daily News Egypt) Central Cairo prosecution authorities summoned Yehia Qalash, head of the Press Syndicate, along with Secretary-General Gamal Abdel Reheem and head of the Freedoms' ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help