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Business and Economics

New Research Reveals Greater Demand for Private Jets in Ghana

 

-Number of business aircraft in West Africa has increased by 54% since 2002

-Growing demand for private aviation is being fuelled by strong economic growth, foreign direct investment and a robust tourism industry

 

Hangar8, the UK-listed global aviation management and charter company with operations across Africa, believes Ghana and West Africa in general will see a huge increase in demand for private aviation services over the next few years.  It says this will be fuelled by strong economic growth, increasing foreign direct investment and a growing tourism industry.

 

-Number of business aircraft in West Africa has increased by 54% since 2002

-Growing demand for private aviation is being fuelled by strong economic growth, foreign direct investment and a robust tourism industry

 

Hangar8, the UK-listed global aviation management and charter company with operations across Africa, believes Ghana and West Africa in general will see a huge increase in demand for private aviation services over the next few years.  It says this will be fuelled by strong economic growth, increasing foreign direct investment and a growing tourism industry.

Analysis of industry data by Hangar8 reveals that currently there are around 168 business aircraft registered in West Africa, an increase of around 54% since 2002.   Furthermore, the number of business aircraft delivered to the region between the periods 2003-2007 and 2008-2012 increased by a staggering 106%.

Hangar8 has 14 private jets available for charter across Africa.  It also has a fleet of  medically dedicated aircraft on the continent for aeromedical evacuations, of which it says there are over 15,000 every year, accounting for as many as 40% of the world’s total.

Speaking from the Ghana Summit 2013 in Accra (October 29th to 30th October), hosted by The Economist, Janus Kamradt, Group Sales and Marketing Director, Hangar8 said: “West Africa is a very exciting market for us, and one where we see huge potential for growth.

“Ghana, for example, is one of the top ten fastest growing economies in the world and has a rapidly expanding energy industry and mining sector.  It has between five billion and seven billion barrels of petroleum in reserves, and a large oilfield which contains up to three billion barrels of sweet crude oil.  It also has vast natural gas reserves, is one of the largest gold producers in the world and has a strong tourism industry.

“These factors, plus a rapidly expanding economy, are all closely correlated with a growing demand for private aviation services.”

Hangar8 offers a very specialised, personal and bespoke private aviation service.  It has over thirty jet aircraft under management, and specialises in operating mid-size and heavy aircraft.

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