1、 2 Private Aviation in the Middle East:Owner Profile,Trends and Business Opportunity Introduction The ultra wealthy enjoy a global lifestyle.Extensive domestic and international travel is often a requirement for ultra high net worth(UHNW)individuals with at least US$30 million in assets.UHNW individ
2、uals are active players in the worlds aviation market;some frequently use commercial airlines,whereas others charter private planes or have fractional ownership plans.For a portion of the ultra wealthy population,however,outright ownership,whether in their name or through their corporation,is an eff
3、icient and cost-effective solution to their increasingly busy schedule across multiple countries and time zones.While North American UHNW individuals essentially dominate the world of private aviation,the regions share of new orders has declined over the last 20 years,whilst regulatory changes in ma
4、ny emerging markets have resulted in the beginnings of an internationalisation of private aviation demand.Wealth-X,WINGX Advance and industry expert Hardy Sohanpal have partnered to reveal insights about Middle Eastern UHNW individuals who own private aircrafts.Combining Wealth-Xs intelligence on th
5、e ultra wealthy with WINGX Advances analysis of aircraft activity and an industry experts operating insight,this white paper creates a profile of the average Middle Eastern jet owner,their preferences and the business aviation opportunity in the region.Demographics There are 5,975 UHNW individuals i
6、n the Middle East with a combined net worth of US$995 billion,according to Wealth-X data.The world UHNW population is 211,275 with a combined net worth of US$29.7 trillion.Middle Eastern Jet Owners Global Jet Owners Age 59.1 63.6 Male 94.4%96.8%Female 5.6%3.2%Self-Made Wealth 31.0%75.1%Inherited/Sel