Augmenting and eliminating the effects of Illegal Charter Flights in Dissertation

Augmenting and eliminating the effects of Illegal Charter Flights in Aviation in the Middle East - Dissertation Example ntry wise projected growth for business jets in the Middle East sourced from (Jones, 2010) 30 Figure 4 - Grey market information movement channels 49 1. Acknowledgments I must acknowledge the efforts of my parents, my friends and my teachers in making me capable enough to become what I am. In addition, I would like to acknowledge the help provided by [ professor’s name ] in order to achieve this particular research. 2. Abstract Grey markets have always signalled trouble in terms of market dynamics and equilibrium. Grey operators are able to reap the profits of any service without adhering to the required codes and standards. The business aviation industry throughout the world has suffered at the hands of grey operators since the post World War Two period. The recent rise of business aviation operations in the Middle East has given rise to the issue of grey operators too. The infant Middle Eastern business aviation market seems at risk of suffering large losses if grey market o perations are not kept in check. However, the nascent state of the business aviation industry means that information regarding grey market illegal charter flights is low. There is a constant need to research these areas in order to curb grey market practices so that legitimate business aviation operators have a better chance at survival. 3. Introduction Grey markets have been in operation since antiquity. The lure of saving money entices most people to use services from grey market operators in more than one field. Grey market operations are as applicable to goods markets as to services markets especially with the rapid growth of the services industries in the last century. One of the better kept secrets of grey markets is the effect of illegal flights in the charter flights aviation market. Like some of the other services industries, the charter flight aviation industry, especially for business services, has been channelled into grey market operations. The problem is well regulated in the North American and Western European markets but the rapid expansion in the Middle East business aviation category means that grey market operations are high and unregulated. A number of different problems are exacerbating the situation in the Middle East in connection to grey market charter flights. Some reasons have to do with the political climate of the Middle East while others have to do with the infant character of the Middle East charter aviation industry. This work plans to look into the problems of grey market operations for the charter aviation industry in the Middle East. The problem of grey market op