Zenith Jet Ups its Delivery Forecast

AINalerts » July 24, 2012
July 24, 2012, 1:11 PM

Zenith Jet has issued a mid-year update for its annual business aviation forecast. The Montreal-based business aviation services company forecasts delivery of 736 business jets this year, a number that, if accurate, would represent an increase over the 703 handed over last year and the first year-over-year improvement in deliveries since 2008. Zenith views this as the start of a five-year recovery run that will see deliveries grow at a compound average rate of 17 percent each year, with a peak of 1,392 deliveries anticipated in 2016. As a result, the company revised the number of private jet deliveries it had predicted for the next 10 years, from 10,120 earlier in the year to 10,377, representing approximately $220 billion in revenue. Those aircraft deliveries will spawn an additional $37 billion in revenue for engine manufacturers and $8 billion for avionics makers.

Over the life of the forecast, the category accounting for most aircraft deliveries will be the ultra-long-range segment at nearly 1,500 aircraft, testimony to the international market’s preferences, while light jet deliveries are estimated at 1,363, providing optimism for a rebound in this category as well.

In terms of geographic delivery distribution, according to the forecast, North America’s dominance will continue to erode to a ratio of 43 percent versus 57 percent international deliveries predicted over the next decade.

Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.