VistaJet, the world’s first and only global business aviation company, is set to organize its first-ever East and South Africa Static Display Roadshow, showcasing its flagship aircraft, the Bombardier Global 7500.
The event will commence in Kenya’s capital, Nairobi, followed by a landing in South Africa’s top business centres, Johannesburg and Cape Town.
Nairobi’s positioning as East Africa’s tech and business hub, along with Johannesburg and Cape Town’s role in South Africa’s mature aviation market, have made these cities essential focal points for VistaJet’s growth strategy.
The roadshow will engage with prospective and existing clients and the local media, serving as a platform to share VistaJet’s ongoing expansion and dedication to support the region’s economic transformation as set out in the AcFTA agreement.
This roadshow follows the monumental success of its West African edition, held earlier in May.
According to the Middle East and North Africa Business Aviation Association (MEBAA), the number of business jets operating in Africa is expected to grow by 8% annually over the next five years.
Currently, there are 418 jets on the continent, with South Africa having the largest business aircraft fleet, followed by Kenya and Nigeria.
The ongoing growth of private aviation in Africa has also benefited the continent’s employment rates, with air transport contributing significantly to 7.7 million jobs and $63 billion in Gross Domestic Product (GDP).
Elsewhere, The 2024 Africa Wealth Report by Henley & Partners reveals that the total investable wealth on the African continent stands at US2.5tn and that the millionaire population is expected to increase by 65% over the next ten years, fuelled by strong growth in key sectors such as fintech, business process outsourcing, software development, rare metals mining, green tech, media and entertainment, and wealth management.
The ‘Big 5’ wealth markets, South Africa, Egypt, Nigeria, Kenya, and Morocco, collectively account for 56% of Africa’s high-net-worth individuals (HNWIs) and over 90% of its billionaires.
Philippe Scalabrini, VistaJet’s President of Europe and Africa, stated: “Building on the momentum of the West Africa Roadshow, we are pleased to announce the East and South Africa Roadshow.
“VistaJet is committed to offering top rate, exclusive services to its extensive client network in this critical region.
“In response to the growing demand, we have deployed three dedicated aircraft while upholding our exceptional standards.
“VistaJet’s main expansion plan objective is to enhance Africa’s economic growth by increasing regional investments and facilitating overall growth.”