DIFC and Zabeel Investment link up

Dubai International Financial Centre Investment and Zabeel Investments have jointly signed an agreement to acquire a strategic stake of Empire Aviation Group (EAG), which is considered to be the largest deal in the history of private aviation business in the region.

Dubai International Financial Centre Investment and Zabeel Investments have jointly signed an agreement to acquire a strategic stake of Empire Aviation Group (EAG), which is considered to be the largest deal in the history of private aviation business in the region.

Business aviation fleets consist of 25,000 aircraft worldwide, 35% of which are jets. The Middle East accounts for only 2% of the global private jet market, while the total value of the private aviation market in the USA is estimated to be $150 billion.

Meanwhile, aviation experts are predicting that the world's aviation fleet will double to more than 35,000 aircraft by 2025, while business and commercial aviation companies will need more than 25,700 aircraft over the next 20 years to satisfy the growing demand.

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