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Growing markets

The long awaited Middle East Business Aviation show is just around the corner and despite economic turmoil, the region's aviation sector is booming.

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The long awaited Middle East Business Aviation show is just around the corner and this is an exciting time for the region as a whole.

Despite the global economic turmoil of the last few months, the aviation sector in the Middle East is booming, as observed by MEBA president Ammar Balkar, who expects this year's show to be the biggest ever event.

Across the broad spectrum of aviation, the Middle East region has shown some of the fastest traffic growth in the world - with six of the world's top 20 growth markets for the sector located in the region, according to the Middle East Intelligence Review. And with a buoyant liquidity and growing demand for aircraft it seems that things can only get better for the Mid-East region, even in these times of financial uncertainty.

In terms of business aviation, expectations are high. Record numbers of sales are expected at this year's show, and are predicted to top the $907 million order book last year.

And it's not just interest from companies within the Middle East. Many international companies will have a big presence at the show - major players such as Boeing Business Jets and Airbus join a host of aircraft manufacturers, charter service providers, jet sales companies, brokers, flight training schools and fixed base operators. Such a presence just proves the amount of business from abroad is set to position the Middle East ahead of the rest.

Companies are mindful of the current economic crisis, but are not concerned. A record number of exhibitors will showcase their products this year. Certainly then, the Middle East is a market that nobody in the aviation industry can afford to ignore.

As aircraft sales continue to soar and MEBA doubles in size this year's dedicated business aviation event is set to be the best yet.

Donna Richardson is the editor of Aviation Business.

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