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AL
BUSINESS A
S USU
FEATURE BUSINESS AS USUAL
FEA
TURE
Business as Usual
The global business jet market is recovering from
the steep dive it took during the recession
By Jay Menon
WITH THE BUSINESS AVIATION ACTIVITY upgrade activity in a favourable oil price
showing signs of stability and perhaps a environment that has bolstered operator
little improvement, the 2016 European profitability, according to the Research and
Business Aviation Convention & Exhibition Market study.
(EBACE2016) is shaping up to be one of the A latest business aviation forecast by
ABOVE: Turboprop deliveries most exciting ever. Aviation Week projects demand for nearly
will lead the business aviation “In the face of on-going challenges 13,000 new business aircraft over the 10-year
segment, with 2,693 deliveries within business aviation, EBACE2015 was period from 2016 to 2025. The projections
over the next decade, followed a great success, well-attended by industry include business jets and turboprops as well
by the deliveries of 2,467 light
jets and 2,062 ultra-long-range representatives from around the world,” says as regional and narrow-body jets used as
jet deliveries in the same period. Chris Strong, NBAA’s senior vice president corporate aircraft.
Cessna’s Citation Latitude and of conventions and membership. “We expect According to Aviation Week Network’s
BeechcraftKingAir350i will be EBACE2016 to have another strong turnout,” second annual 2016 Market Summary
amongst the types that will benefit
from such demand he adds. Report, the world’s in-service fleet is
The global business jet market is expected to grow from 31,000 aircraft
OPPOSITE PAGE: Bombardier’s recovering from the steep dive it took during in 2016 to nearly 38,000 in 2025. Global
Global 6000 ultra-long range the recession and is making slow progress on deliveries are projected to rise from 1,100
business aircraft, has remained
a popular aircraft especially in the recovery path spearheaded by continued in 2016 to a peak of 1,400 in 2021, before
Asia. The Global 6000 offers an strong economic growth momentum in the slowing to 1,200 in 2025, it said. Compared
ideal blend of outstanding cabin U.S., the introduction and certification of to last year’s forecast, the 2016 forecast
comfort, high-speed range and new business jet programmes, especially, in projects a decrease of 1,100 new aircraft to
proven reliability that has made it
a favourite amongst business jet the super midsize segment by the industry be delivered over a 10-year period.
owners and operators OEMs and strong fleet utilisation and The forecast indicates that the demand
16 ASIAN AIRLINES & AEROSPACE MAY/ JUNE 2016 WWW.GBP.COM.SG/AAA
