Posted on May 29th, 2019
Four reasons why there’s economic optimism in Russia
FlyCorporate sits down with Alfa-Bank Chief Economic Analyst Natalia Orlova to talk about the current political environment in Russia. Orlova offers four reasons why optimism should prevail.
“Considering the current political environment, on top of an already depressed economy, it’s easy to see why many consider the forecast for business aviation in Russia to be ‘gloomy’. To counter this ‘doom and gloom’ forecast, I’d like to present the case for economic optimism in Russia.
Bombardier’s view on the Russian market
With little prospect of an economic resurgence any time soon, business jet activity in Europe and Russia is reported to be generally down from historic levels.
Bombardier Business Aircraft VP Europe, Africa & Middle East Trevor Lambarth and Regional VP Central & Eastern Europe, CIS & Russia Valeria Kolyuchaya recently talked to FlyCorporate’s Phil Rose about Bombardier’s view on the Russian market.
Honeywell predicts that over the next five years demand for business aircraft in Europe will represent only about 12% of global demand — far less than in the past. Does this correspond with what you’re seeing across the region?
Lambarth: The European business jet fleet currently accounts for approximately 10% of the worldwide bizjet installed base. Europe is the second largest market for business aviation and we expect it to remain among the three most active markets — generating the most revenues — over the next 10 years.
Based on our market forecast, we anticipate close to 1,670 deliveries (industry total) in Europe by 2022.
Bombardier Challenger 350 aircraft granted full type certification from the European Aviation Safety Agency on September 2, 2014
EASA-registered customers to start taking delivery of the new aircraft
Bombardier, the world’s leading business aircraft manufacturer, announced today that the Challenger 350 aircraft has received full type certification from the European Aviation Safety Agency (EASA).
“Our Challenger 350 aircraft successfully entered into service this past June and made its European debut at the Farnborough airshow in July. With certification now in-hand, we are eager to start delivering EASA-registered units to our customers,” said Éric Martel, President, Bombardier Business Aircraft. “We have very strong demand for this aircraft and customers who are already operating it are delighted with its increased performance and new cabin design.”
Continue Reading On Bombardier.com »
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