CJI Dubai wrap

Last year, Middle Eastern operators warned that 2018 would be a tough year. Unfortunately, they were right. With political uncertainty in Saudi Arabia and the ongoing blockade in Qatar, two key markets were hit.

At Corporate Jet Investor Dubai 2019 last week, the damage was discussed. However, future projections were not all dim – 57% of those in attendance were fairly optimistic about their companies in the next 12 months. This compared to 56% at Corporate Jet Investor Miami 2018 and 67% at Corporate Jet Investor London.

Operators are continuing to see aircraft move to other countries – although there is some optimism about charter (especially from Royal Jet with its all-VVIP airliner fleet).

NASJET’s Yosef Hafiz voiced his confidence in Saudi Arabia, particularly with mega projects like the Red Sea development. “I think Saudi Arabia is the place to be. I always tell people to continue doing business here. It’s going to be the next big boom.”

Thanks to all who sponsored, spoke and attended!

Yuvan Kumar
By Yuvan Kumar April 9, 2019 13:53

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