JetNet iQ Analyst Bullish on Business Aviation in Europe

JetNet iQ director Rolland Vincent is “very optimistic” about the outlook for business aviation in Europe as well as the rest of the world, he said yesterday at EBACE. Over the next 10 years, the company is calling for deliveries of 9,317 business jets worth $257 billion. In 2022, the projected business jet fleet would thus reach 25,937, a 36-percent increase from the 19,016 jets flying today.

Of the forecast deliveries, Vincent expects 1,741 jets, or nearly 19 percent, to be handed over to European customers. If this prognostication pans out, then the European business jet fleet would grow 56 percent to about 4,300 aircraft by the end of 2022.