Please Wait.....
Report
Middle East & Africa Jet Charter Services Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 60 Pages I Mordor Intelligence
The Middle East & African charter jet services market is anticipated to record a CAGR of over 3% during the forecast period (2022-2027).
In 2020, the demand for charter services witnessed a decline due to the impact of the COVID-19 pandemic, as countries around the world put a temporary travel ban to mitigate the spread of the COVID virus. However, in 2021, due to the increased vaccination drives, the Middle East & African charter jet services market not only recovered from the impact of the pandemic but in some countries (like Saudi Arabia) witnessed an increase compared to pre-COVID levels.
The increase in the per capita income of the middle-class population in the region is enabling them to opt for charter services for satiating their exquisite tourism needs. This is encouraging charter service providers to expand their fleet to cover new routes in response to the rising demand and serve a larger market.
The emerging aviation emission norms and the diversified requirement of the clientele to personalize their travel experience have bolstered the demand for newer generation aircraft. Also, the presence of a growing High Net-worth Individual (HNWI) clientele in the region has had a positive effect on the demand-side dynamics of the market, while the associated ownership benefits, in terms of evolving fractional ownership or private jet card programs, have been a decisive factor promoting the growth of the market in the region.
MEA Jet Charter Services Market Trends
Infrastructure Development Projects Bolstering Growth Prospects
The preference for luxury travel has been growing rapidly in the Middle Eastern region, primarily due to the presence of many HNWIs in this region. The HNWIs and Ultra HNWIs (UHNWI) in the Middle Eastern region robustly increased over the past few years (increased by over 6% and over 12%, respectively, in 2020 compared to 2019). To provide a personalized experience, aircraft charter operators are leveraging state-of-the-art innovation to offer a complete suite of flight solutions from fixed-price charter to customized membership programs. Also, the growth of charter jet services is being propelled by the increase in demand from the tourism sector. Further, currently, several infrastructure developments projects are underway in the region. For instance, the new airport in Oman has allocated space for operating private and charter jets. Meanwhile, Kuwait and Bahrain are constructing new business aviation facilities. Also, the airport expansion projects at both the Riyadh and Jeddah airports have allocated more space for private and charter jets. Such developments are envisioned to create further business prospects for the players in the Middle East & African charter jet services to expand their operations during the upcoming period.
Saudi Arabia to Witness Significant Growth during the Forecast Period
Saudi Arabia is anticipated to witness robust growth in the charter services market during the forecast period due to various factors such as the presence of many HNWIs, increasing demand for newer generation aircraft, and the evolution of new aircraft ownership models. Currently, the business jet fleet in Saudi Arabia constitutes around 11% of the regional fleet, and operates 1/3rd of the business jets in the country are deployed for charter operations. Furthermore, to fulfill the demand from consumers in this region, air-charter operations have undertaken a fleet-modernization initiative, which has resulted in the dispersal of several contracts for procuring new business jets. Currently, as per the recommendations of the International Civil Aviation Organization (ICAO), all the operators of private aircraft based in Saudi Arabia should receive the General Authority of Civil Aviation (GACA) approved (Part 125) Operator's Certificate (OC). In March 2021, Jet Aviation was awarded a Part 125 Operator's Certificate from GACA for its aircraft. The company has been operating in Saudi Arabia for over 40 years. Such developments are envisioned to bolster the growth prospects of the charter jet services during the forecast period.
MEA Jet Charter Services Market Competitor Analysis
The Middle East & African jet charter services market is highly fragmented. There are over 150 charter service providers in the region. While some of these operate on select routes, others operate a vast fleet and support both national and international travel. Some of the prominent players in the Middle-East Charter Jet Services market are Empire Aviation Group, Royal Jet, ExecuJet, Qatar Executive (Qatar Airways), and Emirates Executive (Emirates Group). Players are expanding their fleet with newer generation aircraft with added features to attract new customers. Mid-size to smaller companies are increasing their market presence by securing new membership contracts and by tapping new markets by operating on new routes. However, the demand for light jets in the region has been slightly lower than anticipated, partly due to the widespread reluctance to fly in a turboprop aircraft on account of the existing safety concerns regarding the performance reliability of such aircraft.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Size and Forecast, 2018 - 2027
3.2 Market Share by Aircraft Type, 2021
3.3 Market Share by Geography, 2021
3.4 Structure of the Market and Key Participants
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size and Forecast by Value - USD million, 2018 - 2027)
5.1 Aircraft Type
5.1.1 Large Jet
5.1.2 Mid-size Jet
5.1.3 Light Jet
5.2 Geography
5.2.1 Saudi Arabia
5.2.2 United Arab Emirates
5.2.3 Bahrain
5.2.4 Oman
5.2.5 Qatar
5.2.6 South Africa
5.2.7 Nigeria
5.2.8 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Empire Aviation Group
6.1.2 Royal Jet
6.1.3 ExecuJet
6.1.4 Vista Global Holding Limited
6.1.5 NASJET
6.1.6 Fly Charters
6.1.7 Qatar Executive (Qatar Airways)
6.1.8 Emirates Executive (Emirates Group)
6.1.9 Sky Prime Aviation Services
6.1.10 Africa Charter Airline
6.1.11 Comair Flight Services
6.1.12 Gulf Air
6.1.13 Saudia Private Aviation (Saudia)
7 MARKET OPPORTUNITIES
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security