Entries in market growth (1)
10-Year Forecast Projects 8,200 New Business Jet Shipments
Wednesday, November 13, 2019 at 1:28PM By Molly McMillin | The Weekly of Business Aviation, Aviation Week Intelligence Network
Over the next decade, manufacturers are expected to deliver 8,200 new business jets valued at $212.0 billion at retail prices, and more than 2,725 business turboprops, a modest increase in the market according to the Aviation Week Network’s Fleet & MRO Forecast. The business jet forecast for 2020 to 2029 is down somewhat from the 10-year outlook released last year, reflecting the most recent slowing of the market, the anticipation of an upcoming decline in the U.S. and world economies along with ongoing trade disputes, which could impact the industry, said Brian Kough, Aviation Week Senior Director of Forecasts and Aerospace Insights. The business aviation sales market in 2019 began well, but has since flattened, Kough said. According to initial evidence from Aircraft Bluebook ongoing research, used aircraft trades during the second half of the year have slowed as well...