Fujairah Airport eyes more market share

Dubai airport

By Abdul Basit  www.khaleejtimes.com

Fujairah International Airport has established a new executive terminal and looking to achieve around 10 per cent share of the UAE business jet market, General Manager Dr Khaled Al Mazroui said.

Dubai airportThe airport authorities are looking for industry specialists to run its new terminal. “We are negotiating with three companies to manage the operation of new executive terminal and expected to sign the agreement soon,” Al Mazroui told Khaleej Times on the sidelines of an aviation conference in Dubai on Sunday.

The airport is targeting a 10 per cent of the UAE business jet market share after handing over the management control of the executive terminal, he said, adding: “We are still handling business jets at the new terminal, but hope to achieve a significant market share after new management.”

He said that the airport can handle three jets simultaneously at
the terminal.

Industry analysts believe that the private air charter business will pick up in late 2011 and on into 2012. This is evident from the forecasted growth for the region. In 2008, there were 93,000 aircraft movement, which increased to 103,000 in 2009; this number is expected to touch 160,000 by 2018 at a compounded annual growth rate of 6.21 per cent per year for the Middle East region. The growth in aircraft movement is supported by the number of business jets in the region, which will reach 1,330 by 2019.

Earlier in his opening welcome remarks at the three-day conference on World Class Airport, Al Mazroui said despite a worldwide slump, the aviation industry in the Middle East region continues to gain momentum and emerge as the new global centre for 
aviation industry.

“The perfect meld of infrastructural investments, technologies, policies, plans, procedures to accommodate the increase in traffic that is headed our way has shifted the aviation industry’s ‘center of gravity’ towards this region,” he said.

The aviation industry in the Middle East is growing. Over the last decade Middle Eastern carriers went from 5 per cent of global passenger traffic to 11 per cent. Planned purchases of $200 billion in aircraft over the next decade will continue to support growth.

The region is expected to handle 400 million passengers by 2020 and has plans to invest $100 billion in airports expansion projects over the next few years, which includes eight new runways in the Gulf region.

Dubai is hosting hundreds of attendees for the World Class Airports large scale event lined up by Marcus Evans and scheduled to run until April
 19, 2011.

The event brings together global experts and opinion leaders to discuss the pertinent issues in turning these pursuits to reality, bring forth the future trends shaping the aviation industry and strategies to stay ahead in this highly competitive industry.

Running parallel to World Class Airlines, this conference will further revolutionise the many changing facets of aviation industry and examine the current and future trends of airport management and operations.