KSA to have nearly 500 private planes

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https://s1.yimg.com/bt/api/res/1.2/TpTF1IqoxRH26gsz4_g3TQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_AE/News/Arab%20News/142614127973.jpg (https://en-maktoob.news.yahoo.com/ksa-nearly-500-private-planes-062556475.html)The number of private aircraft in the Kingdom is poised to reach 480 in the next five years compared to the current number of 240, an expert told Al-Eqtisadiyah daily. The Middle East and Gulf region has the highest growth rates in the private aircraft industry globally at an annual rate of 8 percent compared to global projected rate of 6 percent, said Faisal Ghazi Kayyal, the CEO of Saudia Private Aviation (SPA). Speaking to reporters on the sidelines of a signing ceremony of a partnership deal between SPA and Semaco Porsche, Kayyal said the number of private aircraft at the global level reached 15,000 by the beginning of the current year (2015) and expected to double to 30,000 by 2020. Meanwhile, the number of private aircraft in the Middle East region is projected to hit 800 from their current number of 400, he said.




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