Forecast predicts brighter skies for bizav
Forecast International of Newtown, Conn., released its most recent 10-year outlook, The World Market for Business Jet Aircraft, at the Farnborough A

Forecast International of Newtown, Conn., released its most recent 10-year outlook, The World Market for Business Jet Aircraft, at the Farnborough Air Show last month. It calls for slow but steady recovery for business aircraft production following the past two “difficult years.” Looking backward for a moment, the study notes that the first half of this year showed a 14-percent increase in aircraft production compared with the same period last year.

For the coming decade, Forecast International predicts that a total of 10,809 business jets will roll out of the assembly plants throughout the world–a rate of a bit more than 1,000 per year and double the number produced in the preceding decade. The analysts say that this year’s growth rate will slow somewhat during the second half, but the overall trend for the 10-year period is positive.