50 SKY SHADES - World aviation news

Report: Bizav Poised for 'Significant' Growth in Africa

Download: Printable PDF Date: 11 Nov 2015 12:16 category:
Publisher:
Report: Bizav Poised for 'Significant' Growth in Africa - Business aviation publisher
Tatjana Obrazcova
Aircraft: Airplanes
Source: AIN

The business jet market in Africa is lagging the GDP economic growth in the region, suggesting African business aviation is poised for “significant expansion,” according to a 2015 Africa Business Jet Fleet Report released yesterday by Hong Kong-based aircraft sales, charter and management firm Asian Sky Group. It said that realGDP growth in key African economies exceeded 3 percent last year and is projected to be at least 6 percent for this year.

Asian Sky’s report said the African business jet fleet has grown to 524 aircraft over 50 years, with the most rapid growth occurring during the last 15 years. However, “Growth appears to have slowed in 2014,” it noted.

With 197 business jets, South Africa has the largest such fleet on the continent; it is also the only African country in the top 20 business jet fleets in the world. Second largest is Nigeria, with 97 aircraft, followed by Egypt’s fleet of 41 business jets, according to the report. Sixty-one percent of the fleet is privately operated, while 20 percent is operated for charter.

Notably, the African business jet fleet is the oldest in the world, with an average age of more than 19 years, the report said. In fact, some of the in-service aircraft in the region were manufactured in the late 1950s or early 1960s, according to the report.



Loading comments for Report: Bizav Poised for 'Significant' Growth in Africa...


Recommended

First Airbus C295 search and rescue aircraft for the RCAF arrives in Canada

The first Airbus C295 aircraft purchased by the Government of Canada for the Royal Canadian Air Force's (RCAF) Fixed Wing Search and Rescue Aircraft Replacement (FWSAR) project, has arri...

Rostec starts assembling parts for the first Russian offshore helicopter Mi-171A3

Russian Helicopters started production of the first pre-production prototype of Mi-171A3 offshore helicopter. Flight tests of the state-of-the-art rotorcraft are to start on the summer of 2021. The fi...

China Eastern Airlines and Thales/ACSS extend their avionics partnership

China Eastern Airlines, one of China's three major air transportation groups, has chosen Thales/ACSS to equip its B737 fleet with the NXT-800 DO-260B compliant transponders&nbs...

Airbus H175 to bolster Omni oil and gas operations in Brazil

Omni Taxi Aereo, Brazil’s leading oil and gas transport company and part of OMNI Helicopters International group (OHI), becomes the first operator to introduce the H175 in Brazil. The aircraft h...