A clampdown on corruption in Saudi Arabia has crucially dented the private jet industry of the kingdom in a sign of the impact the campaign has had on private enterprise and the wealthy elite.
Dozens of planes, possessed by the individuals and charter companies and worth hundreds of millions of dollars, drive at airports across the kingdom including Riyadh and Jeddah, four individuals familiar with the issues according to the renowned news agency.
Some were delivered to the state in settlements arrived after the clampdown was introduced in late 2017, while dozens of princes, governments officials and businessmen were confined according to them.
Others belong to Saudis who either confront travel prohibitions or are unwilling to fly planes because they are strangers of displays wealth that might be executed as tormenting the government over the anti-corruption campaign, according to the media resources.
The government media office did not urgently reply to the requests for comment on the influence of the anti-corruption drive on the private jet industry.
The impact of the clampdowns on the business community and private enterprise, which are already rolling from oil prices and the confidence of the weakened consumer, has turned the confidence of the investor and contributed to a sense of unreliability around the policies of Crown Prince Mohammed Bin Salman.
The inactive aircraft, which one of the sources evaluated at up to around 70, include Bombardier and Gulfstream jets, according to the sources. There are also larger Airbus and Boeing aircraft that are more routinely linked with commercial airlines but are often used as private jets in the Middle East.
- United Arab Emirates
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