Bizav OEMs Set To Finish 2022 On a High Note
As 2022 draws to a close, the business jet market is set to close out the year with a strong Q4.
The business aviation industry is set for a strong finale to 2022, as OEM backlogs continue to increase in the face of production supply issues. (Photo: Curt Epstein/AIN)
The business aviation industry is set for a strong finale to 2022, as OEM backlogs continue to increase in the face of production supply issues. (Photo: Curt Epstein/AIN)

Following the continued post-pandemic rise in private aviation, the business aviation industry is looking to close out the year on a high note, according to market analyst Rolland Vincent. Speaking last month at the NATA Aviation Business Conference, he told the audience, “I think this is going to be a very busy Q4, and maybe busier even than last year.”

The last quarter of the year is typically the largest in terms of deliveries. As an example, Embraer has been known to announce more than half of its annual deliveries in the fourth quarter alone. However, Vincent noted that other factors will be in play this year to provide a boost. “We’re going to see the end of 100 percent bonus depreciation this year in the U.S., which is by far the largest market for aircraft.” As a result, he sees customers eager to receive their aircraft by year-end. As well he added, the results of the U.S. midterm elections could inject some uncertainty in terms of future policies.