Teal: New Business Aircraft Briefing Released
8,153 bizjet deliveries worth US$ 247.5 bn expected until 2026
Ft. Lauderdale, May 2016: Referring to Teal’s latest forecast, the global business aircraft market remains dynamic with substantial opportunities for suppliers and customers. Aircraft variants and their associated engines are designed to meet the needs of demanding customers that expect tremendous value for their money. “Nevertheless, right now it’s difficult to be bullish!” says Richard Aboulafia, Teal Group’s Vice President of Analysis.
Teal Group’s Briefing takes a comprehensive view of the market. First, Teal looks at the market and where it is headed. Second is an assessment of the manufacturers and new product development prospects. Third is the detailed forecast, including assumptions and segment details. Finally, there’s a quantitative market forecast, which covers all turbofan and turboprop business aircraft, and the associated engines.
The market forecast was released at NAFA’s (National Aircraft Finance Association) 45th annual conference in Ft. Lauderdale, Fl. NAFA holds an Annual Meeting every spring to give members an opportunity to learn about current industry trends.
For the next 10 years (2016 – 2026), Teal’s 26thBusiness Jet Forecast predicts 8,153 bizjet deliveries worth US$247.5 bn (in 2016 $). In addition, Teal expects 296 Jetliners worth US$ 26 bn and 3,002 turboprops worth US$ 18,8 bn to be delivered to the international business aviation community. The total of US$ 292,3 bn corresponds with deliveries worth $211.7 bn between 2005 and 2014.
Authored by Richard Aboulafia and Bill Storey, Teal Group’s Business Aircraft Briefing is a continually updated information service consisting of reports that track the status and outlook of the world’s business aircraft and engines market. The reports are drawn from Teal Group’sWorld Military & Civil Aircraft Briefing and World Power Systems Briefing: Aero Gas Turbines.
Despite the presently disappointing market situation as discussed at EBACE in Geneva, Teal believes still in the long term growth story of business aviation. Richard Aboulafia: ” We are not in a free fall like 2008. Given global economic and political events, recent market trends are understandable. Our numbers are probably conservative, but right now it’s difficult to be bullish.”
Teal Group presents its analysis and forecast by class of aircraft:
- Very Light
- Entry Level
- Super Mid-Sized
- Very Large
- Jetliners/ Regional Jets
For further information please contact Monika Cornell at firstname.lastname@example.org
Richard L. Aboulafia
Richard L. Aboulafia, Teal Group’s Vice President of Analysis, is an internationally-known expert of aircraft and defense markets. He manages consulting projects in the commercial and military aircraft field and analyzes broader defense and aerospace trends. He has advised numerous companies, including most prime and many second- and third-tier contractors in the US, Europe and Asia. He also writes and edits Teal Group’s World Military and Civil Aircraft Briefing, a forecasting tool covering over 135 aircraft programs and markets. He writes publicly about aviation and defense, with regular columns in Aviation Week and Space Technology and at Forbes.com. His articles have also appeared in the Wall Street Journal, AIAA’s Aerospace America, Financial Times, Professional Pilot, and other publications. Frequently cited as an aviation industry authority by trade and news publications, Richard has appeared on numerous television news and radio programs including ABC, BBC, Bloomberg, Reuters, CBS, CNN, NBC, NPR and PBS. He has also spoken at numerous conferences, including ATRIF, NAFA, NARA, and SpeedNews.
Source: The Teal Group