Some hopeful news for private aircraft suppliers.
“AVWeb’s Russ Niles is reporting on analyst Brian Foley’s prediction that business jet sales will increase 2.7% over the next 10 years. As part of the prediction, Foley thinks 8900 jets will be built during that same time (worth $170 billion).
Foley is using an interesting sports-based method to obtain his numbers:
“[He] tossed out the results of bizav’s best year in recent memory (2008) and one of it’s worst (2009) to come up with figures he thinks will stand up and actually mean something for those making plans for the next decade. ‘2009 was too unsettled and 2008 was a clear anomaly, an unsustainable peak,’ Foley said. ‘Our same numbers would yield a minus growth -2.6 percent if measured against 2008, but that’s not really useful information.”
More at BigBusinessJet.com
More at Aviation Suppliers:
“Foley predicts 8900 business jets worth $170 billion will be built between now and 2020. Foley has also tried to forecast bizjet fuel consumption and, if he’s correct, there will be a significant increase in the use of private aviation.”
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October 6th, 2008