Posted on May 20th, 2011
A 20-year business aircraft market forecast released by Bombardier at EBACE yesterday predicts a return to sustained growth. According to the report, some 24,000 business jets, not including very light jets, worth approximately $626 billion will be delivered from 2011 to 2030. In the first half of the forecast period, 10,000 deliveries worth $260 billion are anticipated, and 14,000 deliveries worth $366 billion are expected from 2021 to 2030. “The business aircraft industry’s improving book-to-bill ratio is a positive signal that the market has turned the corner and is gaining momentum,” Bombardier said. “While industry deliveries are not expected to improve significantly in 2011, key indicators are showing an upward trend, and it is expected that business aircraft deliveries will continue to grow in 2012.” Thanks to a widening customer base for business aircraft, especially in high-growth economies, the Canadian aircraft manufacturer foresees that North America, Europe and China will be the three most active markets and will generate the most revenues over the next 20 years.