Contributor - Middle East

Peter Shaw-Smith

Saudi Arabia has 10 aircraft management companies operating on Part 125 certification (private) and six on Part 121 special unscheduled (commercial), and the industry can expect&nbsp;to add 200 helicopters to the fleet, a NasJet official said at&nbsp;Corporate Jet Investor Dubai on Monday.

 


COO Yosef Hafiz said approximately 155 aircraft were in the Saudi fleet in 2017, with an average age of 15.5 years. The fleet reached a peak of around 170 aircraft in 2015, and he expects fleet renewal around 2020.

 


“We had a peak in 2015…and then it&nbsp;dipped down in 2016 and 2017, and we probably expect it to dip even further in 2018 and 2019,” he said. “That's not necessarily a bad thing. There are a lot of changes happening in the market.”

 


Government&nbsp;leaders, especially ministers, are choosing to fly private, he said. Foreign companies will be allowed to set up without a local partner. Megaprojects and entertainment are driving growth.

 


“I know that people are hungry for information [on] what's happening in Saudi Arabia,” he said. “Management companies and operators within Saudi will expand in number in the near future."

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