Study: VLJ Market Worth $2.5 Billion through 2011
The market for very light jets (VLJs) will be worth $2.52 billion over the next five years, according to a new study by UK-based consultants PMI Media. The report predicts six VLJ designs making it into service: the Adam A700, Cessna Citation Mustang, Diamond D-Jet, Eclipse 500, Embraer Phenom 100 and HondaJet. Combined production of these models will rise from 155 jets next year to 350 units in 2011, which PMI Media believes is the peak level of annual output. Between 2007 and 2011, 85 percent of all VLJs are expected to be delivered in North America. The report, titled “The Microjet Market 2007-2016,” also analyzes the regulatory challenges to VLJ operations worldwide and their impact on small airports, as well as training, insurance and air traffic management issues. The 160-page study sells for $560.