Jet trend: demand for private business jets in Dubai soars in the first quarter – News

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Mohammed bin Rashid Aerospace Hub announces movements continue impressive growth in 2021 with a 336% jump

Activity in the private and business jet sector saw strong growth in the first quarter of 2021, as companies and high net worth individuals preferred charter flights following the suspension or reduction of scheduled flights to destinations popular from Dubai, Khaleej weather has learned.

The Mohammed bin Rashid Aerospace Hub in South Dubai announced on Saturday that private jet movements continued their impressive growth in 2021 with a 336% increase recorded in the first quarter, reaching 4,904 from 1,460 in the first quarter of 2020 and 1 676 per year. earlier.

DC Aviation Al-Futtaim (DCAF), another Dubai-based business aviation company with its own FBO and hangars, saw a 25% increase in private jet and aircraft activity. business in the first quarter. The rise also saw an increase in activity in other areas of aviation, including charter, ground support, maintenance, repair and overhaul.

“Our private jet movements at the VIP terminal of the Mohammed bin Rashid aerospace hub have increased steadily since last July,” hub CEO Tahnoon Saif said in a statement to Khaleej weather Saturday.

Saif attributed the “significant growth” in private jet business to the successful nationwide vaccination campaign and the emirate’s status as a preferred destination for tourists around the world, as well as third in the world and second in the category of large cities in the recent IDE. Global Cities of the Future 2021-2022 as a magnet for foreign direct investment.

United Arab Emirates emerge strong

Holger Ostheimer, director general of DCAF, said the UAE has firmly established itself on the global stage with the positive steps it has taken to tackle the Covid-19 pandemic.

He said the increase in the number of flights is a result of increased confidence in the UAE government’s vaccination program, tourism-related initiatives and other economic stimulus measures taken to boost consumer confidence. and businesses.

“We have seen this number increase even during the holy month of Ramadan, which is generally a quiet time and we expect this trend to continue for the rest of the year,” he said.

“Last year was a very difficult year for the industry. But if we look at the numbers from 2019 to 2021, we have seen a 25% increase in flight movements at our VVIP facility at Al Maktoum International Airport in Dubai South, ”he added.

DCAF is a joint venture between DC Aviation, based in Stuttgart, the largest operator of business aircraft in Germany and one of the main operators in Europe, and Al-Futtaim, based in Dubai, a private business conglomerate of United Arab Emirates. It is the first and only fully integrated business aviation facility based at Al Maktoum International Airport located in Dubai South with two dedicated hangars measuring 5,700m² and 7,500m², bringing its total area land side at 24,000 m² and its surface area at 13,000 m². m².

Popular destinations

Ostheimer said DCAF has seen an increased number of VVIP guests arrive from the Commonwealth of Independent States (CIS), Europe, India and Pakistan, among others.

“We have also seen an increase in visitors to Israel following the signing of Abraham’s agreement to open diplomatic, trade and economic relations between the two countries,” he said.

When asked about the average cost of the private jet experience of the CIS, Israel, India and Pakistan, he said prices for charter flights are expressed in hours per flight.

“The rule of thumb is around $ 6,000 an hour. Costs vary depending on several factors, including flight hours and type of aircraft, among others, ”he said.

India inquiries

Ostheimer said DCAF has received a fair number of requests for private or business jet rentals because scheduled flights are not available on the UAE-India routes.

“The crisis in India probably shows that we are still in the middle of the pandemic. We are probably seeing levels of demand that we haven’t seen in many years. Due to the importance of the relationship between the UAE and India, we naturally see a large number of Indian customers passing through our establishment … expect this trend to continue over the next couple of months. “, did he declare.

Bright perspectives

Aviation experts and analysts see bright prospects for private jet business in the second half of this year as customers are ready to travel despite restrictions on scheduled flights following the worsening of the situation of Covid-19 in parts of the region.

“We look forward to maintaining the momentum in the aircraft movements as Dubai prepares to welcome the world to Expo 2020 in October,” Saif said.

Ostheimer, meanwhile, said there was a clear indication the industry was doing much better than it was two years ago.

“Take the example of our groundhandling activity, where we have seen an increase of 25% compared to 2019 compared to 2021; we are seeing a similar increase in our charter services compared to the second half of last year, ”he added.

– muzaffarrizvi@khaleejtimes.com



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