The world’s major economies may be being buffeted in these turbulent times but the Middle East’s aviation industry is one sector that appears to be soaring, along with its profits. However, is this growth sustainable or are the airlines veering towards a bumpy landing? Business Management investigates.
Global logistics services and transportation company Aramex started life in 1982 as a small, regional player but soon became the Middle East’s biggest courier firm. Hussein Hachem, CEO of Aramex Middle East and Africa (MEA), explains why this “dynamic” and “creative” business is really going places.
After Qatar discovered oil and gas back in the 1930s, its capital, Doha, morphed from a small fishing village into a sprawling city. Dohaland CEO Issa Al Mohannadi believes, however, that now is the time for the city to go back to its architectural roots.
Any frequent traveller knows that all too frequently, you don’t get anywhere near what you pay for with air travel. The popularity of low-cost carriers like easyJet and Ryanair in Europe and JetBlue in the United States is therefore easy to understand – many consumers will happily trade already-decreasing amenities and services for lower ticket prices on short, simple flights.
Oman Air, the Sultanate’s flagship national carrier, has its sights firmly set on new routes and fleet expansion as it aims to muscle in on rival Gulf airlines’ share of the skies. But the top priority right now, stresses CEO Peter Hill, is to clear the airline’s debts and turn a profit.