Chad is the editor of AINalerts, AIN's daily business aviation newsletter, and is also the news editor at AIN Media Group.&nbsp;He has been writing about aviation, with an emphasis on business aviation, since 1994. Chad started his writing career at The Avion,&nbsp;the&nbsp;student newspaper at Embry-Riddle Aeronautical University in Daytona Beach, Florida, serving as editor-in-chief before graduating with a bachelor's in aeronautical science. After a stint as managing editor at Professional Pilot&nbsp;magazine, he joined&nbsp;AIN in late 1998. Chad holds a commercial pilot certificated with instrument and multi-engine ratings, and he also is a CFI/CFII. He lives and works from his home in Venice, Florida.

Online Editor

Chad Trautvetter

Aerospace and defense market intelligence and analysis firm Teal Group, in its latest industry forecast, is calling for business aircraft deliveries to return to 2008 peak levels in 2021. However, it predicts deliveries will be down 2.3 percent this year, followed by “modest” market growth through the end of this decade.

 


Overall, Teal is forecasting production of 11,434 business aircraft worth $272.1 billion over the next 10 years. This includes 8,253 business jets worth $236.3 billion; 213 bizliners, $18.3 billion; and 2,968 business turboprops, $17.5 billion. For comparison, 11,247 business aircraft worth $260.1 billion were delivered over the last 10 years—7,800 business jets, $211.5 billion; 447 bizliners, $31.8 billion; and 3,000 turboprops, $16.8 billion.

 


Teal expects Gulfstream and Bombardier to be the market leaders for business jets, commanding 31.5 percent and 28.3 percent, respectively, by value of deliveries, followed by Dassault Falcon (17.4 percent) and Cessna (13.8 percent). Next in line is Embraer Executive Jets, with a 6.6 percent share by value, which Teal said is a “very significant increase” and particularly affects Cessna, which had 21 percent market share a decade ago. Honda Aircraft, Eclipse and Pilatus would share the remaining 2.4 percent, according to Teal’s forecast.

Teal: Bizav Market To Return to Peak Levels in 2021

Forecast calls for 11,434 business aircraft worth $272.1 billion to be delivered over the next 10 years.

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