JetNet’s Crystal Ball Shows $258B in Bizjets by 2020

 - June 27, 2011, 4:40 AM

JetNet released its first 10-year business jet delivery forecast last month, predicting worldwide deliveries of 11,476 new business jets worth $258 billion by 2020. In January, the company launched its new JetNet iQ survey program and used the more than 1,000 global responses it received, combined with product life cycle, market value analysis and other economic indicators, to shape its forecast. JetNet iQ founder Rolland Vincent noted that although China’s ratio of ultra-wealthy individuals to business jets is the highest the company has encountered (276 to one), even if that country’s business jet fleet were to quadruple over the next 10 years it would not have a tremendous worldwide impact due to the low numbers currently registered there.