Forecast Shows Recovery in 2012

 - November 24, 2009, 3:41 AM

In its latest business jet market prediction covering the next 10 years, Forecast International calls for worldwide production of 11,277 business jets worth an estimated $197 billion. According to the report, total production will decline for the next two years, to a low of 716 aircraft in 2011, before beginning its rise through the end of the forecast period. While Gulfstream is predicted to take the top position among the OEMs in terms of order value, the report projects the top three bizjet builders in terms of unit production will be Cessna, Embraer and Bombardier, an indication that the Brazilian airframer’s rapid rise could be a growing threat to the Wichita manufacturers.