Aboulafia: Large Bizjet Demand Could Fall 20% in 2020 | Aviation International News

Aboulafia: Large Bizjet Demand Could Fall 20% in 2020

Large-cabin business jet demand could drop 20 percent this year as a result of Covid-19, while the light and midsize segments could see more modest dips.

By Chad Trautvetter • Online Editor

March 26, 2020

Large-cabin business jet demand could drop 20 percent later this year as a result of the Covid-19 pandemic, while the light and midsize segments could “hit a new low,” according to Teal Group v-p of analysis Richard Aboulafia. “Watch fuel prices—resource-rich countries and energy-extraction companies drive large-cabin demand, so that segment will likely be hit the hardest,” he said. “Large cabins are clearly in very dangerous territory. All of the market indicators are either orange or red.”

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