In 2009, the total aircraft fleet held by leasing companies accounted for more than 31 percent of the world’s active fleet. The aircraft fleet of all leasing companies grew 7.34 percent from 5,757 aircraft in 2008 to 6,180 aircraft in 2009.
The growth of Middle East’s aviation industry has been notable, and has been further amplified as a result of the impact of the global economic slowdown on other regions. Despite the slowdown, the aviation industry in the region has expanded and is expected to grow further. This will mandate facility enhancement and hence the need for airport infrastructural development.
Despite the global economic slowdown that adversely affected the commercial aviation industry worldwide, the Middle East has been one of the few markets to register growth. The air taxi business is expected to be a major driver for this market.