Forecasts predict bizjet market will thrive
The Teal Group put it best in this year’s forecast when, echoing all other major predictors, it asked rhetorically, “Is it wrong to use these unusually goo

The Teal Group put it best in this year’s forecast when, echoing all other major predictors, it asked rhetorically, “Is it wrong to use these unusually good times as a forecasting base year?” Though issuing 10-year (and longer) forecasts might be akin to looking into a crystal ball, six major players have issued surprisingly similar numbers. At the high end, Forecast International expects the market will produce 12,629 business jets by 2015, while Embraer brackets the others (with the exception of Bombardier, which excluded VLJs) at 11,115.

As the accompanying chart shows, Forecast International, Bombardier, Rolls-Royce, Teal, Honeywell and Embraer have all predicted robust times ahead for business aviation. Despite the fact that almost none of the forecasts studied the exact same period, all the predictions were relatively consistent.

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