Aircraft
Teal Group Sees Ever-growing Shift Toward Larger Bizjets
Bizav market guru predicts high-end bizjets will continue to be successful, while the market for smaller jets will remain more or less stable.

The business aviation market’s shift towards larger aircraft continues and the impact on the industry is growing, according to Teal Group’s latest annual business jet overview.

“Last year saw a welcome but largely meaningless upturn, with an impressive 16.3 percent increase in deliveries by value. But all of this growth came from very large cabin jets, particularly Gulfstream’s G650. All the smaller segments remained firmly stuck in first gear,” said vice president of analysis Richard Aboulafia. During the 2008-2012 decline, the top half of the market–jets costing $26 million and more–actually grew slightly in value, he added, while the bottom half suffered a catastrophic 56 percent drop. “The growth we saw in 2013 means that market bifurcation has gone into overdrive,” Aboulafia explained.

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