Business Aircraft to double by 2020 in Middle East: MEBA
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The Middle East Business Aviation Conference took off on a positive note with Ali Ahmed Al Naqbi, chairman of MEBAA stating that the regional industry would be worth US$1 billion by 2018 and have 1375 registered business aircraft by 2020.
His sentiment was shared by Homaid Al Shemmari, executive director, Mubadala Aerospace, who said that business aviation would dovetail the expansion of the UAE economy drawing a specific comparison with Abu Dhabi’s 2030 strategy that includes expansion of the emirate’s dedicated business airport and investment by Mubadala across the business aviation industry.
Speaking on the sidelines of the conference, Ali Ahmed al Naqbi said: “Business aviation in the Middle East is going through unprecedented change. The demand for business aviation must be matched by greater airport access and safety regulations that are specific to our operations.”