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The current situation in the Middle East owes much to the U.S. property market collapse, which started the world financial crisis. Before the credit crunch Dubai was the world’s largest building site with house and apartment prices rocketing over a short period. But what suddenly goes up has a nasty habit of dropping like a brick.

Unfavorable conditions for the fully-fledged development of business aviation in Russia makes aircraft operations difficult, and reduces the attractiveness of the services offered on the market, while rendering industry growth practically meaningless in economic terms. Solving problems leads to new problems, and solving these new problems is hindered by new barriers.

September is a busy month for business aviation in the Asia-Pacific region, with two major international events taking place within a couple of weeks of each other. First is the Asian Aerospace International Expo and Congress in Hong Kong on the 8-10 September, followed by the MillionaireAsia Private Aviation Show in Singapore 23-24 September, scheduled to coincide with Singapore’s F1 Grand Prix weekend.For the first time, the Asian Aerospace event has the added backing of ...

Is the economy a poison or cure for the industry? Only eight months ago the situation of the Russian business aviation market looked far less dramatic than what was happening elsewhere in the world. The economic turbulence hadn’t yet hit the industry so badly. It was certainly evident that a drop in raw materials value would do no good to the fledgling local market, but nobody expected a throw-back to 2006 flight levels.Instead of stabilizing, the market plunged into a state ...

How has the European Business Aviation Market changed in the last twelve months? This question certainly got some direct answers from a selection of top people in the brokerage, sales, charter and FBO segments of Europe’s business aviation industry. • “It’s changed completely.” - Thierry Boutsen, Président Délégué, Boutsen Aviation. • “We know who’s about to go under, and who hasn’t paid landing fees recently.” - Keith Haynes, Director ...

In the latest quarterly review of the industry in Asia Pacific, World Aircraft Sales Magazine has gained an exclusive interview with Nigel Harwood, CEO of InterGlobe General Aviation (IGAA), a young Delhi-based Hawker Beechcraft Authorized Service and Sales Center based at Indira Ghandi International Airport. Harwood not only explains his own company’s ambitions in Asian business aviation, but gives a personal appraisal of the current state of business aviation ...

Empty parking spaces on the snow-laden Vnukovo-3 airfield is a rare sight, and doesn’t fail to produce a deep impact on anyone who remembers Moscow’s busiest bizav hub at the same time last year. The question it seems to pose is whether the spring will ever return to this once flourishing corner of the business aviation world. According to the United Business Aviation Association (UBAA), business aviation traffic in January ...

Despite the world’s financial woes that led to the surprise cancellation of ABACE in Hong Kong later this month, so much has happened on the business aviation front in this region over the last three months that it’s difficult to know where to start.

Despite the woes of the world financial crisis, Middle Eastern business aviation is bucking the rest-of-the world’s depressing trend, with many Arabian companies eyeing this period as the perfect time to invest in regional infrastructure and expand operations. The Middle Eastern market is set to expand 15-20% per annum over the next four years to become a $1 billion-per-year industry according to the Middle ...

Russian bizav market participants refuse to believe the deteriorating situation will last. The global economic recession has produced a noticeable effect on Russia’s business aviation market – but one which can hardly be measured. Local operators and charter brokers admit an acute decline in traffic volumes, however, most are reluctant to make pessimistic forecasts, noting that November is typically a “bad” month for business aviation. Consequently, World Aircraft ...