Log In

 

Company Name : Jetcraft

Thursday, October 11, 2018 11:15PM IST (5:45PM GMT)

(BW)(JETCRAFT)

Jetcraft Releases Fourth Annual 10-Year Market Forecast


Next 10 years predicted to outpace previous decade on both units and revenues.


London, United Kingdom

Jetcraft, the global leader in business aircraft sales and acquisitions, is today releasing its fourth annual 10-year business aviation market forecast.

 

The annual market forecast reaffirms that steady growth in the private jet industry is set to continue, with predictions of 8,736 unit deliveries over the next 10 years, representing $271bn in revenues (based on 2018 pricing). North America will once again take the lead, accounting for 60% (5,241) of predicted new unit deliveries over the forecast period, with Europe expecting 18% (1,572), and Asia-Pacific 13% (1,136).

 

Jahid Fazal-Karim, Owner and Chairman of the Board at Jetcraft, says: “2018 has been a real turning point for business aviation, as we have now successfully navigated through our industry’s most difficult period. This year’s forecast predicts the continuation of our current business cycle of steady and healthy growth, driven by an increase in wealth creation and the demand for larger and more expensive aircraft.”

 

The increase in wealth creation over the past decade has spurred growth in family offices that are now offering a wide variety of specialized services, including business aviation. Together with the increase in block charter and fractional programs, this is exposing more UHNWIs to the industry than ever before.

 

However, despite continued economic growth, Fortune 500 companies have yet to return to historical aircraft transaction levels, due to maintaining a focus on other financial priorities, such as share buybacks and paying down debt. This customer segment is unlikely to restart aircraft purchasing programs until well into the cycle.

 

The forecast predicts that the large jet category, comprising super large, ultra long range and converted airline segments, will constitute 32% of total units (2,778) and 64% of total revenue over the next decade. All new aircraft model programs, both announced and projected, during the forecast period are exclusively widebodies.

 

Fazal-Karim adds: “Predicted unit deliveries in the large jet category account for a huge proportion of total revenues in the industry, demonstrating the trend towards larger, long range aircraft to support today’s global business needs.”

 

While the industry is set to embark on a period of substantial growth, its resilience during the challenges of the previous business cycle has prepared it well for expansion.

 

Fazal-Karim concludes: “We’re confident that the lessons we’ve learned over the past decade will ensure sustainable growth for business aviation in the years to come. Ours is an enduring industry, and one with a buoyant future ahead.”

 

Jetcraft’s full 2018 10-year Business Aviation Market Forecast is available to download at https://www.jetcraft.com/knowledge/market-forecast. Report graphs available for publication on request.

 

ENDS

 

 

 

 


Click here for Media Contact Details
CONTACTS :

High-resolution images and interviews available
8020 Communications
Chiara Lawrance
E-Mail: jetcraft@8020comms.com
Telephone: +44 (0)1483 447380

Similar News

18/10/2018 7:50PM

Visa Expands Tokenization Partnership With Netflix to Improve Digital Payments Experience Globally

Building on a pilot program that began in 2017, Visa (NYSE: V) today announced an expansion of Netflix’s use of the Visa Token Service, with a key focus of improving card-not-present authorization rates and ...

No Image

18/10/2018 7:24PM

आईडब्ल्यूबीआई ने वेल (डब्ल्यूईएलएल) पोर्टफोलियो के लिए सलाहकारों का अंतरराष्ट्रीय नेटवर्क पेश किया

दि इंटरनेशनल वेल बिल्डिंग इंस्टीट्यूट™ (आईडब्ल्यूबीआई™) ने आज एक अंतरराष्ट्रीय सलाह (एडवाइज़री) तैयार करने का एलान किया। यह वेल पोर्टफोलियो™ पाथवे पायलट को आकार देने और इसे लागू करने का काम ...