Forecast demand for executive charter flights over the next 30 days is slightly down from a month ago, according to the latest data from online charter portal Avinode. As of November 1, the forward-looking demand index produced by the Sweden-based group was 92.83, about 2 points below where it stood on October 1. However, this month’s demand index is still about 32 points ahead of where it was 12 months ago.
At this year's NBAA show, while attendees search for signs that the industry downturn is finally ending, engine, equipment and avionics manufacturer Honeywell sees at least one more down year in 2011 before the start of a rebound cycle.
The International Air Transport Association (IATA) revised its 2010 airline industry outlook to reflect a projected profit of $8.9 billion, compared with the $2.5 billion profit forecast it published in June. But despite what most would consider a glowing projection, IATA general director and CEO Giovanni Bisignani called for a “reality check” due to the razor-thin margins on which airlines operate.
Aviation market consultant Brian Foley predicts that business jet deliveries will rise at “a steady 2.7-percent per year (compound annual growth rate) between now and 2019.” His forecast calls for 8,900 business jets, worth $170 billion, to be delivered in the 10-year period.
Aviation market consultant Brian Foley predicts that business jet deliveries will rise at “a steady 2.7 percent per year (compound annual growth rate) between now and 2019.” His forecast calls for manufacturers to deliver 8,900 business jets worth $170 billion in the 10-year period.
Forecast International, known for development of the 10-year unit and value production forecast for aerospace, defense, electronics and power systems industries, is unveiling its new Platinum Forecast System here at the Singapore Airshow.
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.
Engine manufacturers Honeywell and Rolls-Royce expressed tempered optimism about the helicopter marketplace at February’s Heli-Expo, where each released its annual industry forecast. Both predicted a dip in deliveries and offered caveats reflecting the precarious state of the economy.
Rolls-Royce, in its annual 10-year market forecast, sees a market characterized by near-term softness followed by a resumption of growth. Over the period, total helicopter deliveries are predicted to be 15,800, a slight increase on the figure from last year’s forecast.
Honeywell’s annual market forecast for civil turbine-powered helicopters released yesterday predicts flat to slightly higher deliveries in the next five years compared with the previous five-year period, but there are caveats aplenty. The forecast calls for delivery levels this year to remain near 2008 levels before declining next year.