Airbus Trims Dassault Aviation Stake, Grey Charter and Business Aircraft Operators Surge in Middle East

Grey Charter Continues in the Middle East

The perennial issue of illegal or grey charter continues to infuriate established commercial operators around the Middle East.This practice – defined as when a private aircraft owner/ operator takes money for flying people when that owner and/or operator has no legal right to do so – is more active in the Middle East than in other parts of the world. Some estimates put the tally at between 20% and 40% of business aircraft flights at any given time, depending on the time of the year.

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Airbus Trims Dassault Aviation Stake

Airbus Sold $990 Million in Dassault Shares

Airbus Group said it sold €794 million ($989 million) of shares in Dassault Aviation back to the French defense and private jet manufacturer and has plans to further decrease its stake by mid-2015.

Airbus ACJ318 at NBAA 2014 - JetOptions

The transaction, along with plans by Dassault to cancel 9% of treasury shares, means that Airbus has effectively cut its stake in Dassault to 42% from 46%.

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MEBA: DC Aviation reaps rewards from being first to commit to DWC airport

In the dusty expanse of what may one day be the world’s biggest aviation gateway, the fixed-base operation of DC Aviation Al-Futtaim stands in virtual splendid isolation next to the runway. The joint venture between the German charter operator and local conglomerate is one of just a handful of buildings at Dubai’s new Al Maktoum airport. Beyond it, to the horizon, the envisioned Dubai World Central mega-development that will envelop the airport remains scrubby, flat desert.

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Middle East business aircraft operators surge

The widely held belief is that the Middle East has a thriving business aviation sector largely kept aloft by vastly wealthy individuals and corporations who are almost entirely immune to wider economic woes. After all, petrodollars continue to gush out despite the fall in the price of crude oil.

Of course, that is an overly simplistic analysis of the regional trends in business aviation. It may be home to the largest concentration of VIP airliners on the planet, but that does not mean the Middle East exists in glorious, moneyed isolation.

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