The Mil & Aero Blog
Wednesday, May 7, 2008
  Aircraft market strong, globally anyway
Posted by Courtney E. Howard

Bombardier Aerospace of Belfast in Northern Ireland has released its annual forecasts for the business and commercial aircraft markets. The new forecasts offer predictions of a 10-year period in the business aircraft market, and a 20-year run in the commercial aircraft market.

The global aircraft market is robust, yet concern exists over waning U.S. consumption. These concerns are founded on the weakened U.S. dollar, economic downturn, and continued plight of airline companies (as evidenced by posted losses, bankruptcies, consolidation through mergers and acquisitions, and operations closing their doors). In contrast, the European jet market is described as having continued vigor, and causing Bombardier to revise its deliveries forecast upward from 2007 levels (from 9,950 in 2007 to 13,200 in 2008).

"As we transition to a more international customer base that features less emphasis on the U.S., as well as a structural shift towards larger and more cost-effective aircraft, Bombardier's key product families -- business jets and regional aircraft -- are expected to continue to generate strong interest across all markets," says Mairead Lavery, vice president, strategy and business development, Bombardier Aerospace. "With its comprehensive portfolio of business and commercial aircraft that encompass state-of-the-art technologies and innovative design solutions, and its focus on customer services, Bombardier is well positioned for the future."

In the 10-year period from 2008 to 2017, Bombardier's Business Aircraft Market Forecast predicts that business aircraft manufacturers will deliver a total of 1,320 business jets annually -- a substantial increase from the industry average of more than 620 business jet deliveries annually during the 1998 to 2007 period. The total forecasted 13,200 deliveries over the 10-year period represent revenues of approximately $300 billion for the industry, say company representatives.

Despite strong concerns over a possible downturn in the U.S. and world economies that could create a decrease in overall orders over the next two years, Bombardier officials believe industry deliveries should continue to increase until 2017. Demand for business jets is growing within the company's international base of customers. In fact, international business represented 67 percent of Bombardier orders for 2007.

According to Bombardier's Commercial Aircraft Market Forecast, demand for 20- to 149-seat commercial aircraft is expected to reach approximately 12,900 new aircraft in the 20-year period from 2008 to 2027, totaling approximately $528 billion.

The forecast reflects the shift in demand to larger commercial aircraft. In the 20- to 59-seat aircraft segment: the forecast expects a demand of approximately 500 aircraft. In the 60- to 99-seat aircraft segment: demand is expected to reach approximately 6,100 aircraft. In the 100- to 149-seat aircraft segment: the forecast predicts a demand for approximately 6,300 aircraft.

The trend towards larger aircraft, coupled with sustained higher fuel prices, will reinforce operators' requirement for modern aircraft with low operating costs, says the Bombardier forecast.
Hi I just wanted to say that out of all the forecasts I read this seems to be most professional and accurate.

Nicely done.

Cant wait to read more.

Post a Comment

Subscribe to Post Comments [Atom]

Links to this post:

Create a Link

<< Home
The MAE editorial staff uses the Military Aerospace and Electronics Blog to share ...

November 2007 / December 2007 / January 2008 / February 2008 / March 2008 / April 2008 / May 2008 / June 2008 / July 2008 / August 2008 / September 2008 / October 2008 / November 2008 / December 2008 / January 2009 / February 2009 / March 2009 / April 2009 / May 2009 / June 2009 / July 2009 / August 2009 / September 2009 / October 2009 / November 2009 / December 2009 / January 2010 / February 2010 / March 2010 / April 2010 / May 2010 / June 2010 / July 2010 / August 2010 / September 2010 / October 2010 / November 2010 / December 2010 / January 2011 / February 2011 / March 2011 / April 2011 / May 2011 / June 2011 / July 2011 / August 2011 / September 2011 / October 2011 / November 2011 / December 2011 /

Powered by Blogger

Subscribe to
Posts [Atom]