Jetcraft Sees Strengthening of U.S. Bizjet Market
In its second annual forecast, the broker notes the continuing malaise in emerging markets.
Jetcraft sees aircraft manufacturers increasingly focusing their research and development budgets on higher-end products. This is exactly the case with Textron Aviation's Cessna Citation Hemisphere, which will be the company's largest business jet to date. (Photo: Textron Aviation)
Jetcraft sees aircraft manufacturers increasingly focusing their research and development budgets on higher-end products. This is exactly the case with Textron Aviation's Cessna Citation Hemisphere, which will be the company's largest business jet to date. (Photo: Textron Aviation)

After a long stretch in the doldrums, the business jet market is beginning to see a return to normalcy in some sectors, according to a forecast from aircraft brokerage Jetcraft. The North Carolina-based company has dialed back its guess about the number of business jet deliveries for the next 10 years by 10 percent (to 7,879 worth $248 billion, from 8,755 in its inaugural forecast issued last year), but chairman Jahid Fazal-Karim believes solidity is returning to the market in some areas. With 72 transactions valued at $1.7 billion, 2015 was the strongest year in Jetcraft’s 50-year history, and the company says it is on pace to improve on that performance this year. 


Loading…