air charters to africa flying high
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Air charters to Africa flying high

Arab Today, arab today

Arab Today, arab today Air charters to Africa flying high

Dubai - Arabstoday

As some African countries clock record growth that puts them in league with China, one sector in the UAE to benefit has been the air charter industry. Air Charter International (ACI), based in Dubai, says the number of charter requests from Africa has risen at a fast clip. "We have an increase in executive jets requests of approximately 15 per cent per year [in the past] three years [and most come] from the oil and gas industry as well as from wealthy individuals who need to travel quickly, at short notice, and to attend meetings in Africa," said Stuart Wheeler, who founded the company in 1994. The company matches clients with aircraft to fly executives, oversized cargo or medical and other large-scale evacuations, using its database of operators worldwide with 5,000 aircraft. ACI works increasingly "with outsized charters, executive jets and other special requests for the oil and gas, mining and reconstruction industries in Nigeria, Angola and Sudan", he said. Airlines, too, are reporting an increase in activity in Africa. In the first quarter of this year, Emirates Airline added two new routes to its list of 19 destinations in Africa with flights to Lusaka, the Zambian capital, and Harare, the capital of Zimbabwe. Etihad Airways launched a new service to Nairobi and will launch a route to Lagos, the commercial capital of Nigeria, next month. And African passenger airlines reported a 7 per cent increase in demand in April, according to the International Air Transport Association. Excluding South Africa, which accounts for more than a third of Sub-Saharan Africa's GDP, the region's growth was 5.9 per cent, according to the World Bank in April, making it one of the fastest-growing developing regions. Among the Sub-Saharan region's fast-growing economies last year were resource-rich countries such as Ghana, Mozambique and Nigeria, as well as Rwanda and Ethiopia. All of them posted growth rates of at least 7 per cent. Overall capital flows to the region rose by US$8 billion (Dh29.38bn) last year to $48.2bn, according to the World Bank. Foreign direct investment, which accounts for about 77 per cent of all capital flows to Sub-Saharan Africa, contributed about 83 per cent of the increase. In March, General Electric announced it would invest in Nigeria's power sector although the amount was not revealed. Charter requests also reflect China's heavy investments in Africa. ACI receives requests for charters to Africa mainly from the Middle East followed Chinese companies, which make up a growing proportion along with European and African businesses and elsewhere. "Most of the time it is people travelling to regional offices, or it is businessmen meeting suppliers and clients," Mr Wheeler said. From TheNational

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

air charters to africa flying high air charters to africa flying high

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

air charters to africa flying high air charters to africa flying high

 



GMT 12:04 2017 Wednesday ,10 May

Artists are racing to finish shooting their dramas

GMT 09:39 2015 Monday ,14 December

Europe-Asia merger is 'only way forward

GMT 00:48 2017 Saturday ,25 February

Turkey’s sovereign fund seeing strong global interest

GMT 08:10 2017 Tuesday ,12 December

Collective efforts vital for progress of country: Saad

GMT 11:03 2017 Saturday ,18 November

Fully committed to FATA’s mainstreaming, merger: PM

GMT 00:09 2017 Tuesday ,17 October

UN envoy meets Syrian govt delegation

GMT 20:33 2017 Saturday ,25 March

63,000 tons of wheat arrive at Alexandria port

GMT 04:42 2018 Wednesday ,24 January

Back to drawing board for ailing Djokovic

GMT 03:06 2018 Thursday ,04 January

China's Ant Financial drops MoneyGram deal

GMT 22:42 2017 Saturday ,09 December

Dubai Chamber launches 10th cycle of Mohammed bin Rashid
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday