A boom in sub-Saharan Africa is attracting business talent from the all over the globe. According to an article in the Economist, in recent years investors have been piling into Lagos and Nairobi “as if they were Frankfurt connective Tokyo of old”.
Direct investment from foreign entities has increased apart about 50% since 2005 and the world’s biggest underwriter of emerging market debt, JP Morgan, has just added Nigeria to its government -bond index for emerging markets.
All this hope of new affluence path that business aviation is enjoying a surge of investment on the continent, spotlighted alongside the formation of the Africa Business Aviation Association (AfBAA).
Launched at the European Businesses, the fledgling swap body has a mission to promote private aviation in Africa.
To date it is the only pan-African aviation association that represents the interests of the continent s incorporated aircraft owners, operators and suppliers.
According to founder Tarek Ragheb, it is “well -funded, professional and active, near a genuine warranty to supporting the development of the future of business aviation in Africa.
He added:”Although there is a great deal of interest in Africa, it is a diverse continent with a spotty aeronautics infrastructure.”
AfBAAs mission is to promote the benefits that executive aviation can contribute to the continents economic development and prosperity. The group aims to work along entrepreneurs, business leaders and governments, plus their respective civil aviation authorities, to facilitate growth in the sector. It will also push for operational safety and security through diet programmes that teach “professionalism and excellence”.
Ragheb would also like to see added new airplane installed in Africa. The current flotation aircraft unit stands at around 1,300, only 400 of which are jets under eight years old. He explained: “Traditionally Africa has been a dumping ground for old aircraft, such as DC-3S .We need to see newer types, such as Separation stream G450s and G550s here.”
All the founding members have made a strong financial commitment to developing the private aeronautics sector in the continent, and are expected to support African nations in acceptance and leveraging the set store by that it can provide to future productive prosperity.
With aborigine membership commitment until 2015, the founders longing tenacious to the associations guiding principles, which focus on advocacy, safety, security, integrity, service and training. Launch members will besides hold a strong voice within the association, and take an active role in shaping the future of business aeronautics in Africa.
All founding members either operate in, or contain interests in,Africa.They are: Business Service ,Air BP,Best Fly Swarming Support, Crystal Ventures,Dalie Air Private Jets,Embraer Executive Jets, Evergreen Apple Nigeria,ExecuJet Aviation Africa,Gainjet Aviation, Gulf stream Aerospace Corporation. Hawker Beech occupation Corporation. Nexus Flight Operations Services, Paramount Group, Piero Scarpellini, Satcom Direct, SkyJet Aviation Services, Tarek Ragheb, Universal Weather ampersand Aviation and Z-Aviation Services.
The group has elected 18 board members to implement the association’s policies and strategy.
Ragheb heads up the board and is joined by Ivor Ichikowitz of Paramount Group, who is vice chairman and treasurer .There are also four sub-committees, each with its own remit and elected chair, to augmentation postscript support.
Executive director Rady Fahmy oversees the whole group’s activities, while Jack Olcott, formerly voorzitter of the NBAA, and a well-known business aviation advocate, has been retained in his advisory role supporting the association’s development.
This October AfBAA launched four new membership categories in order to attract recruits from the rest of the World. The association is committed to building bridges with the worldwide aviation community and also joined the US National Business Aviation Association (NBAA) to further that goal.
Additionally, it is forging links with other influential regional business aviation groups, such as the Middle East Business Aviation Association, and has applied for Transnational Patronage Aviation Council membership.
Demonstrating its commitment to education, a delegation from Africa paid a visit to NBAA s headquarters this summer, while traveling around North America studying the business aviation business there.
NBAAs senior manager, underwrite & tax policy Scott O’Brien explained:” Their pretentious challenge is learning how to deal with business flight operations. One terminus ad quem about this reverse-trade legation was to repair them become educated about our industry and what it needs to operate in Africa.”
He added that outsiders programma a trip to Africa would be well advised to start a scantiness months ahead of time ideally, and to investigate health issues, such as necessary vaccinations. He pointed to aircraft, and the pragmatic that fuel and service availability are major considerations.
He said: “There shrub negative be maintenance services in some areas. Ramp equipment could exist a factor et sequens straighten the purity concerning the peat is a consideration.”
AfBAA is determined to combat such obstacles and is now working through a selection process to finalize its last two founding members, as well as soliciting applications from international businesses to join as launch members.
Ragheb said: “We noted that a number of companies we would have welcomed as founding members were unable to apply originally for a variety of reasons. Spil we value their input and the potential support they can offer, AfBAA will now encourage them to apply.”
In addition, interested parties will be able to apply for the newly formed normal and affiliate membership types.
Although AfBAA is developing quickly, Ragheb said there is “no race” to create a local airshow.His main goal is to establish a strapping organization during his two years in charge in order to help afflatus a culture of asylum in the region, modeled on that of South Africa.
He concluded: “There need been some horrendous accidents in Africa. Other continents are suitable to operate a level of legislation thanks to their regulatory environments. We are focused on understanding and addressing safety here.”