Dubai Aerospace Enterprise (DAE) has signed a new unsecured US$720 million revolving credit facility with a group of nine international banks based in US, Europe and Asia. The credit facility has a maturity of five years.
With an autonomous electric aircraft already in production and operation, U.S. startup Pyka has unveiled plans to develop a larger aircraft for the regional cargo and passenger markets.
In future, business aviation will be as ubiquitous as driving a car – according to Badr Al-Olama, Head of Aerospace, Mubadala Investment Company, who delivered a dramatic vision of the sector’s future in a keynote speech at the second day of the MEBAA Conference Dubai.
While the Middle East is an extremely conducive environment for business aviation, with some 540 private aircraft deployed across the region, the weather conditions and all year-round sunshine can present problems for aircraft owners and operators.
The Aviation District in Dubai South and D J Aviation, an Emirati company, has signed a Memorandum of Understanding (MOU) for the construction of two hangers at Aviation District of Dubai South by D J Aviation. The signing ceremony was held at MEBAA 2018.
Jet Set X, an exclusive members only club, has appointed Dassault Aviation Falcon 8X as the aircraft of choice and JETEX as the Official FBO for The Middle East.
Gulfstream Aerospace recently made the first international deliveries of the clean-sheet, record-breaking Gulfstream G500. Qatar Airways received two G500 aircraft at Gulfstream’s Savannah headquarters. The aircraft will join the five Gulfstream G650ER aircraft already in service with Qatar Executive, the airline’s executive charter business.
Qatar Executive is officially the world’s first commercial service operator of the Gulfstream G500 jet, which embarked on its inaugural flight on Monday 14 January.
VistaJet, the first and only global business aviation company, today announced another record year in 2018, with new Members and number of flights up prominently year on year. As it enters its 15th year, Malta based VistaJet made significant progress on its core strategic priorities, increasing market share worldwide.
Qatar Executive (QE), the private jet charter division of Qatar Airways Group, can now fly to Samedan, Switzerland; Chambery, France; and Innsbruck, Austria.
AMAC Aerospace has said that a new Head of State Gulftstream G650 project is ahead of schedule completed. The company also added that new maintenance contracts have been awarded to the headquarters in Switzerland for Boeings 737, A318 and a B747.
Bombardier has signed an agreement with Dubai-headquartered Jetex to set up a new line maintenance station in the UAE to complement the tip-to-tail maintenance services provided by the Canadian manufacturer’s service and support network.
Dassault Falcon Service’s Fixed-Base Operator (FBO) at Paris-Le Bourget airport has been awarded an International Standard for Business Aircraft Handling (IS-BAH) Stage 1 certificate, a key milestone in its commitment to guarantee the safest and most reliable handling services in the industry.
Strata Manufacturing (Strata), the advanced composite aero structures manufacturing company wholly-owned by Mubadala Investment Company PJSC, has extended its agreement with Pilatus Aircraft Ltd to cover a new composite work package for the PC-24, a twin-engine business jet.
CTT SYSTEMS, a provider of aircraft humidity control systems, has signed an MoU with Airbus Corporate Jets to optimise a humidification system for the ACJ320 Family to further improve efficiency and performance.
The UAE as a whole is looking forward to 2020; and the Middle East & North Africa Business Aviation Association (MEBAA) is no exception as plans for the MEBAA Show 2020, 8-10 December at DWC, Airshow Site take shape.
Jet Aviation will relocate to a new and larger 600 square-meter facility area within the shared FBO terminal at Riyadh’s King Khalid International Airport.
The Middle East has been the rising star of the aerospace industry over the last two decades bolstered by a natural strategic location and concerted efforts from operators and governments to foster the market.
