Charter & Fractional
Bizav and Air Transport Brace for Gulf War Impact
Analyst warns of potential for global demand destruction for airlines
buiness jet over Dubai
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Both the air transport and business aviation sectors are having to assess the possible impact of a Middle East conflict about to enter a fourth week with no clear end in sight. The soaring cost of fuel has emerged as a dominant consideration alongside ongoing airspace and airport closures that have severely constrained traffic in and out of the Gulf states.

Scheduled airlines are bracing for what Sheila Kahyaoglu, managing director at investment bank Jefferies, described as “demand destruction” during a webinar on Friday organized by JetNet. In her view, business aviation and its high-net-worth customers are more insulated from the crisis, but the industry is still having to contend with soaring fuel prices, with almost a third of jet fuel for the European market alone coming from the Gulf.