NBAA Convention News

JetNet Forecasts Better Days for Bizav

 - October 10, 2011, 8:45 PM

Aviation data supplier JetNet announced the latest results of its IQ research NBAA 2011 in Las Vegas, and the results should come as good news to those awaiting a bizav turnaround. 

The company, whose surveys involve 80 countries, 1,500 operators and 3,500 aircraft, forecasts that 11,381 business jets valued at $258 billion will be delivered between now and 2020. The total includes 625 this year, 785 next year and 978 in 2013. Deliveries will peak in 2018 at 1,514, predicts the company, before declining a bit to 1,276 in 2020. JetNet also projects that flying hours will increase 6 percent in the next 12 months and 9 percent in the following 12 months.

At NBAA, the Utica, N.Y.-based firm also introduced a quarterly business aviation index called JetNet IQ Fly/Buy Index, a composite figure that measures expected flight activity and new aircraft orders over the next 12 months. JetNet established the index at the beginning of 2011 with a base value of 100. In the second quarter, it rose to 113.6 and in the third quarter it dropped slightly to 112.1. That still indicates a 12.1 percent increase in owners’ and operators’ intent to fly and buy.

Rolland Vincent, creator/director of JetNet IQ, described that project, which was launched last January by JetNet and Texas-based Rolland Vincent Associates. According to Vincent, JetNet IQ offers quarterly reports, networking conferences and consulting services.

Vincent reported on some of JetNet IQ’s latest findings. He said that JetNet surveyed owners and operators regarding brand reputations and that, on a 1-to-10 scale, Gulfstream scored highest at 8.6 followed by Dassault (8.0), Cessna (7.9), Bombardier (7.7), Hawker Beechcraft (7.5) and Embraer (7.3). The good news for Embraer was that it ranked highest on the list of brands most likely to improve over the next 10 years. Vincent also said that Cessna earned the highest marks for service, support and reliability while Gulfstream ranked best for design.