European market forecasts paint a mixed picture | Aviation International News

European market forecasts paint a mixed picture

Against a background of broadly optimistic forecasts for a slowly recovering global business aviation sector, prospects for the industry in Europe include

By Ian Goold • Senior correspondent

May 16, 2011

Against a background of broadly optimistic forecasts for a slowly recovering global business aviation sector, prospects for the industry in Europe include a lower share of new aircraft deliveries, increasing numbers of international flights and ambitions to upgrade to larger, longer-range equipment, say manufacturers.

Bombardier Aerospace believes that, with worldwide business indicators having improved, the long-term market fundamentals are strong, giving grounds for cautious optimism that “demand for new business jets will return.” Its first 20-year market forecast, published last year (a new one is imminent ahead of next month’s Paris Air Show), foresees two decades that will show growth returning.

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