The U.S. will lead the recovery of the currently ailing business aviation industry, according to Sparta, N.J.-based consulting firm Brian Foley Associates. “This is good news since this region has always been the industry’s biggest market, accounting for 64 percent of the active worldwide business jet fleet,” noted company president Brian Foley. The recession and slowdown began in the U.S.
Sparta, N.J.-based business aviation consultancy Brian Foley Associates today said it believes the recovery of the business jet market will be sooner than previous estimates, despite “being nowhere near the bottom” of the current market cycle. “It’s hard to think recovery in this environment, but there’s reason to believe that we may come out of this a little sooner than widely expected,” noted company president Brian Foley.
The business jet market is headed for a 15-percent downturn following a peak in deliveries in 2010, according to J.P. Morgan industry analysts. However, the downturn will be smaller than the previous market slowdown in 2001 and 2002, which resulted in a 31-percent decline.
Sparta, N.J.-based Brian Foley Associates, a consultant for investors entering into business aviation ventures, asserts that the outlooks of OEMs and other forecasters are overly optimistic. “The next delivery trough will be more pronounced than generally accepted and the recovery much longer,” noted president Brian Foley.
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