The dramatic increase of 30% in movement over the past two months seen at the FBO at Istanbul Ataturk Airport is no accident. The FBO, which is run by Bilen Air Service, has recently partnered with ExecuJet Middle East; this… Read More
At the 2011 Dubai Air Show, China-based manufacturer Avic was present to debut their MA600 twin turboprop. This aircraft seats 50-60 people and is said to be a vast improvement over its predecessor, the MA60. The MA600 performed daily in… Read More
The Middle East has long outpaced other regions of the world for private jet ownership. Even through the latest economic downturn, Middle Eastern buyers hardly skipped a beat. Accounting for nearly half of the more than 170 private jets… Read More
Airbus, the European plane manufacturer, said last Wednesday that it expects private jet sales to rebound in 2010 behind a fast-growing Chinese market. According to Francois Chazelle—vice president of executive and private aviation at Airbus Middle East—more and more Chinese billionaires are considering purchasing private jets due to their convenience compared to commercial flights. “We do see the market bouncing back, with the largest number of expressions of interests coming from China,” said Chazelle. He said that the interest would be particularly special among Chinese businessmen in the oil trading industry, construction, and other chemical sectors, who are looking to purchase companies after the financial crisis. Right now, the proportion of billionaires owning a private jet in China are about a tenth of that in the United States. Chazelle admitted that the industry did experience a slowdown this year, but it did not completely breakdown.