Bombardier Aerospace released its annual market forecasts for the business and commercial aircraft markets. “The financial turbulence being felt around the globe has placed a significant focus on the challenges facing the aviation industry, particularly within the business jet sector. The sharp downturn in global economies in late 2008 precipitated a sharp decline in demand that affected aircraft manufacturers, suppliers and operators. With demand for air travel closely linked to economic growth, we anticipate continued volatility in the aerospace industry in the near term. However, despite the current recession, the market fundamentals are strong in the long term. As the world begins to emerge from this economic crisis, demand should gradually return and future prospects remain solid,” said Mairead Lavery, Vice-President, Strategy and Business Development, Bombardier
Aerospace.
In the 10-year period from 2009 to 2018, the Bombardier Business Aircraft Market
Forecast predicts that business jet manufacturers will deliver a total of 11,500 aircraft
with revenues of approximately $256 billion US** for the industry.
While in the short term the industry faces such important challenges as high pre-owned
inventories, negative public perceptions and a difficult economic climate, Bombardier
remains confident that there is a strong potential for the business aircraft industry over
the next 10 years. The anticipated return of global economic growth is expected to result
in a strong recovery in the demand for business jets.
The worldwide business jet fleet included approximately 13,600 aircraft at the end of
2008. It is expected to grow by a compound annual growth rate (CAGR) of approximately 5.8 per cent over the forecast period to some 23,800 units after aircraft retirements.
The fundamentals of the business jet industry are solid and are expected to remain
positive in the long term. Consequently, Bombardier will maintain its focus on
strengthening its market leadership position by continuing to invest in its current and
future products. With continued growth expected in the medium to long term, the market
needs new, innovative aircraft that provide operators with optimized solutions designed
to meet their business objectives. An example of Bombardier’s ability to constantly
pursue innovation and technical advancement is the all new, composite Learjet 85
business jet, scheduled to enter into service in 2013.

• ‹ previous
• 984 of 1551
• next ›