Business aircraft activity in the U.S. has been climbing for the past 10 straight months and is set to continue this trend in the fourth quarter, according to aviation services company Argus. In fact, the company is predicting that flying in the quarter will rise 0.7 percent year-over-year, which would result in this year besting 2013 by 1.5 percent and making 2014 the “most robust” year for flight activity since 2008.
Bombardier’s just-released market forecast shows a significant drop in anticipated deliveries of business and commercial aircraft during the coming 20 years compared to last year’s forecast. The current forecast is for deliveries from 2014 to 2033.
Last year, Bombardier forecast deliveries of 24,000 business jets worth $650 billion from 2013 to 2032. The current forecast is for 22,000 business jets worth $617 billion. These numbers are for aircraft segments in which it Bombardier competes with its Learjet, Challenger and Global models.
Nearly 10,000 new business jets worth about $250 billion are predicted to be delivered between 2012 and 2022, according to Honeywell’s 21st annual business aviation outlook, released yesterday. The forecast reflects an approximate 9-percent increase in projected delivery value over last year’s 10-year prognostication, driven by pricing increases and a continued trend toward more demand for higher-priced larger business jets.