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Report Outlines Typical Profile of Middle Eastern Private Jet Owner

 - November 10, 2015, 12:51 PM

The typical private jet owner in the Middle East is male, almost five years younger than the global average and his aircraft is (or are) worth three times the norm, according to a white paper by wealth and market intelligence specialists Wealth-X and WingX Advance. This means he is 59 and owns a $49 million jet.

WingX expects an inflow of 400 business aircraft over the next 10 years in the region, a 250 net increase. There were 10,113 private flights between the Middle East and Europe from January to September this year, a 4.8 percent growth. Turkey, the UK and France are the top three destinations. Although much less expensive than the aforementioned $49 million, the Challenger 600 series is the busiest jet operating out of the Middle East.