PrivateAviationintheMiddleEast:OwnerProfile,TrendsandBusinessOpportunityIntroductionTheultrawealthyenjoyagloballifestyle.Extensivedomesticandinternationaltravelisoftenarequirementforultrahighnetworth(UHNW)individualswithatleastUS$30millioninassets.UHNWindividualsareactiveplayersintheworld’saviationmarket;somefrequentlyusecommercialairlines,whereasotherscharterprivateplanesorhavefractionalownershipplans.Foraportionoftheultrawealthypopulation,however,outrightownership,whetherintheirnameorthroughtheircorporation,isanefficientandcost-effectivesolutiontotheirincreasinglybusyscheduleacrossmultiplecountriesandtimezones.WhileNorthAmericanUHNWindividualsessentiallydominatetheworldofprivateaviation,theregion’sshareofnewordershasdeclinedoverthelast20years,whilstregulatorychangesinmanyemergingmarketshaveresultedinthebeginningsofaninternationalisationofprivateaviationdemand.Wealth-X,WINGXAdvanceandindustryexpertHardySohanpalhavepartneredtorevealinsightsaboutMiddleEasternUHNWindividualswhoownprivateaircrafts.CombiningWealth-X’sintelligenceontheultrawealthywithWINGXAdvance’sanalysisofaircraftactivityandanindustryexpert’soperatinginsight,thiswhitepapercreatesaprofileoftheaverageMiddleEasternjetowner,theirpreferencesandthebusinessaviationopportunityintheregion.DemographicsThereare5,975UHNWindividualsintheMiddleEastwithac...
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