Middle-East And Africa Private Jet Charter Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Africa Private Jet Charter Services Market Report is Segmented by Aircraft Size (Large Jet, Mid-Size Jet, and Light Jet) and Geography (South Africa, Nigeria, Ghana, and the Rest of Africa). The Report Offers Market Size and Forecasts for all the Above Segments in Value (USD).

MEA Jet Charter Services Market Size

MEA Jet Charter Services Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 566.46 Million
Market Size (2029) USD 943.39 Million
CAGR (2024 - 2029) 10.74 %
Market Concentration Low

Major Players

MEA Jet Charter Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

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MEA Jet Charter Services Market Analysis

The MEA Jet Charter Services Market size is estimated at USD 566.46 million in 2024, and is expected to reach USD 943.39 million by 2029, growing at a CAGR of 10.74% during the forecast period (2024-2029).

The increase in the per capita income of the middle-income group in the region is enabling them to opt for charter services to satisfy their exquisite tourism needs. This encourages charter service providers to expand their fleets to cover new routes in response to the rising demand and serve a larger market.

Emerging aviation emission norms and the clientele's diversified requirement to personalize their travel experience have bolstered the demand for newer-generation aircraft. Also, the presence of a growing high-net-worth individual (HNWI) clientele in the region has had a positive effect on the demand-side dynamics of the market. The associated ownership benefits in terms of evolving fractional ownership or private jet card programs have been a decisive factor in promoting the market's growth in the region.

MEA Jet Charter Services Market Trends

The Segment for Large Jets is Projected to Dominate the Market During the Forecast Period

The scope of large-size jets includes large jets, large long-range jets, and large ultra-long-range jets. In the private jet charter services market in the Middle East and Africa, the large business jet category accounted for 100% of the deliveries during 2019-2023 for charter applications. Large jets are more prevalent in Africa. During the last several years, air charter service providers have witnessed high demand for large jets in the entire region.

The expansion of e-commerce and the need for quick and dependable delivery of goods to consumers increase the demand for air charter freight services. The increasing adoption of new and advanced aircraft technologies and rising investments in the aviation sector are expected to boost the growth of the African air charter services market. The increasing popularity of private jet charter services for leisure travel also contributes to this market’s growth.

The major original equipment manufacturers (OEMs) in business jets, such as Bombardier Inc., are expanding the growth opportunities in the region with their large jet offerings, such as Global 7500. Gulfstream's G650ER was the most delivered model in the market, with around ten deliveries from 2019 to 2023.

Middle East and Africa Private Jet Charter Services Market: Charter Jet Deliveries, Large Business Jets, in Units, Middle East and Africa, 2019-2023

South Africa is expected to Witness Significant Growth During the Forecast Period

The growth of the business jet market in South Africa is primarily attributed to the increasing demand for business jet operator companies. Additionally, business jets are gaining popularity among private corporations and institutions across South Africa, which is primarily attributed to the accessibility of business jets to remote locations, flexibility with scheduling, privacy, and having a positive impact on customers. As of December 2023, South Africa’s active business jets accounted for 21% of the Middle East and Africa’s fleet for charter applications. OEMs that delivered most of the business jets included Bombardier, with the largest market share, accounting for 40%. Additionally, in South Africa, all business jets were wholly owned.

Regarding deliveries, the country’s business jets accounted for 21% of the total business jets in Africa from 2019 to 2023. Of that, all the jets delivered for charter operations belonged to the large business jet segment. The large jets segment is witnessing more demand than the other two segments because it is best suited to long-range regional operations. Additionally, the demand for tourism is driving the market in this segment.

Based on models, the most delivered jets were Bombardier’s Challenger 3500, Global 6000, Dassault Falcon's 8X, and Gulfstream's G650.

Africa Private Jet Charter Services Market: Private Charter Jet Deliveries, in Units, South Africa, 2019-2023

MEA Jet Charter Services Industry Overview

The African private jet charter services market is fragmented. There are over 150 charter service providers in the region. While some operate on select routes, others operate a vast fleet and support both national and international travel. Some of the prominent players in the market are Empire Aviation Group, Royal Jet, ExecuJet Aviation Group AG, Qatar Executive (Qatar Airways), and Emirates Executive (Emirates Group). Players are expanding their fleet with newer-generation aircraft with added features to attract new customers.

Mid-size to smaller companies are increasing their market presence by securing new membership contracts and tapping new markets by operating on new routes. However, the demand for light jets in the region was slightly lower than anticipated, partly due to the widespread reluctance to fly in turboprop aircraft due to the existing safety concerns regarding the performance reliability of such aircraft.

MEA Jet Charter Services Market Leaders

  1. Empire Aviation Group

  2. Royal Jet

  3. Qatar Executive (Qatar Airways)

  4. Emirates Executive (Emirates Group)

  5. ExecuJet Aviation Group AG

*Disclaimer: Major Players sorted in no particular order

MEA Jet Charter Services Market Concentration
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MEA Jet Charter Services Market News

May 2023: Mc Dan Aviation, an air charter services provider in Ghana, added two aircraft to its fleet, the Beechcraft King Air B200 and Airbus EC135 T1 helicopter. The provider announced that the Beechcraft King Air B200 will operate mainly in Ghana and West Africa.

October 2022: Gulfstream Aerospace Corporation announced a new authorized warranty facility agreement with ExecuJet Aviation Nigeria, which will provide warranty and maintenance service and spare parts for Gulfstream G450, Gulfstream G550, Gulfstream G650, and Gulfstream G650ER aircraft in West Africa.

MEA Jet Charter Services Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Aircraft Size
    • 5.1.1 Light
    • 5.1.2 Mid-size
    • 5.1.3 Large
  • 5.2 Geography
    • 5.2.1 South Africa
    • 5.2.2 Ghana
    • 5.2.3 Nigeria
    • 5.2.4 Rest of Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Empire Aviation Group
    • 6.1.2 Royal Jet
    • 6.1.3 ExecuJet Aviation Group AG
    • 6.1.4 Vista Global Holding Limited
    • 6.1.5 NASJET
    • 6.1.6 Fly Charters
    • 6.1.7 Qatar Executive (Qatar Airways)
    • 6.1.8 Emirates Executive (Emirates Group)
    • 6.1.9 Sky Prime Aviation Services
    • 6.1.10 Africa Charter Airline
    • 6.1.11 Comair Flight Services
    • 6.1.12 Gulf Air
    • 6.1.13 Saudia Private Aviation (Saudia)
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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MEA Jet Charter Services Industry Segmentation

A charter business model is one in which the aircraft is rented to the users for operation per their needs. A charter service provider or operator is a professional organization accredited and licensed to provide the pilots, maintain the aircraft, and operate the aircraft. Charter services can be opted for by individuals, corporations, businesses, VIPs, sportspeople, and government officials after entering into a mutual understanding with the charter operator regarding the terms and conditions of the rental program. A charter aircraft can also be modified for other roles, such as emergency medical services, cargo delivery, or equipment resupply.

The African private jet charter services market is segmented based on aircraft size and geography. By aircraft type, the market is segmented into light jets, mid-size jets, and large jets. The report also covers the market size and forecasts for the African private jet charter services market in three countries across the region. For each segment, the market sizing and forecasts have been provided based on revenue (USD).

Aircraft Size Light
Mid-size
Large
Geography South Africa
Ghana
Nigeria
Rest of Africa
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MEA Jet Charter Services Market Research FAQs

The MEA Jet Charter Services Market size is expected to reach USD 566.46 million in 2024 and grow at a CAGR of 10.74% to reach USD 943.39 million by 2029.

In 2024, the MEA Jet Charter Services Market size is expected to reach USD 566.46 million.

Empire Aviation Group, Royal Jet, Qatar Executive (Qatar Airways), Emirates Executive (Emirates Group) and ExecuJet Aviation Group AG are the major companies operating in the MEA Jet Charter Services Market.

In 2023, the MEA Jet Charter Services Market size was estimated at USD 505.62 million. The report covers the MEA Jet Charter Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the MEA Jet Charter Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Middle East & African Jet Charter Services Industry Report

Statistics for the 2024 Middle East & African Jet Charter Services market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle East & African Jet Charter Services analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Middle-East And Africa Private Jet Charter Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)