Based on its most recent statistics and industry member surveys, data provider Jetnet (Booth no. 5099) continues to forecast an upturn in the market. “If you liked the industry over the last 10 or 20 years, we believe its going to get even better,” said Jetnet iQ director Roland Vincent at the company’s “State of the Market” briefing yesterday.
Over the next 10 years Jetnet iQ predicts a strong rebound in business aviation, with deliveries of 10,424 new business jets valued at $253 billion. For 2012, the company sees 699 bizjet deliveries, a total that will rise to 732 in 2013, an increase of 3.7 percent and 8.1 percent respectively over 2011’s tally. Primary drivers of the resurgence include a return to economic growth, the increasing international scope of business aviation flight operations and customers, and fleet renewal among existing customers, who have forestalled their purchases in the wake of the recent downturn. Indeed, in the company’s most recent industry survey, the second most cited reason for delaying an aircraft purchase, behind not needing another aircraft, was uncertainty about the economy/regulatory environment.
