Analyst: expect demand for very light jets to slow | Aviation International News

Analyst: expect demand for very light jets to slow

The market for very light jets (VLJs) is set to dip significantly as recession sweeps across western economies, according to PMI Media’s latest study, The

By Charles Alcock • Managing Editor

December 29, 2008

The market for very light jets (VLJs) is set to dip significantly as recession sweeps across western economies, according to PMI Media’s latest study, The Very Light Jet Market 2008-17: The Impact of the Global Financial Crisis. Some 4,610 VLJs worth $9.54 billion (2008 $) will be delivered during this 10-year period, PMI says. This is almost 23 percent down on the 5,970 deliveries the UK-based company predicted in the October 2007 edition of its VLJ market report.

PMI published the new report on December 1, after Eclipse Aviation filed for Chapter 11 bankruptcy protection. PMI Media tracks the VLJ market by analyzing supplier order backlogs and purchasing trends by air-taxi, corporate and individual aircraft operators.

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