Marketline – Winter 2017

Molly McMillin reports in The Weekly of Business Aviation:
Forecast International says it expects annual business
jet production to increase from 647 aircraft in 2017
to 799 in 2020. Production is projected to slightly decline
in 2021 and 2022 due to cyclical economic factors
and quickly rebound in 2023. Annual output is then expected
to rise steadily to 957 business jets by the year
2030, Forecast International said.

“Some segments of the business jet market have already
been experiencing growth, as annual production
of light and midsize jets has risen since 2013,” Forecast
International senior aerospace analyst Raymond Jaworowski
said. “This growth is expected to continue in
the years ahead.”

Production of larger business jets has declined since
2013 but is expected to improve in the coming years, the
forecast said.

To read more, download the PDF: ABB-Marketline-Q4-2017