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Asia, Latin America, the Middle East, Eastern Europe and Russia are growing markets for the sale of new & used corporate aircraft. We profile these markets and the issues affecting their growth of corporate aircraft sales.
Years of the global economy sliding back into recession might be premature, but as investors doubt the ability of major economies to sort out their fiscal problems nothing will bring back the pre-2008 confidence. China and parts of Asia-Pacific (although obviously worried about the knock-on effects of another potential western financial meltdown) are as yet showing little sign of lessening the boom in business jet orders, particularly to China. In fact orders and deliveries are positively booming.
- Author:Andrew C. Bradley
As we head into the Dubai Air Show this month we are reminded of how truly global our industry has become. Over the past eight years the Dubai Air Show has seen a tremendous acceleration in growth, nearly doubling in size during that time. Almost 900 exhibitors from fifty countries attended last year’s MEBAA in Dubai despite it coming on the heels of the 2008-2009 Global Recession.
Over the last few years global business aircraft forecasts have predicted a surge in business jet orders from the People’s Republic of China. The initial trickle of orders, for large corporate and super mid-sized jets, is now growing into a torrent. Chinese corporations and a new wave of young entrepreneurs see the ownership and charter of business jets as the fastest way to beat their competitors, while at the same time rocketing their own status above that of their peers.
- Author:Mike Chase
Just prior to the start of EBACE 2011, we reviewed the business jet fleet in Europe. To bring the continent into perspective we first looked at a comparison of the total worldwide market of business jets five years ago (January 2006) which stood at 12,152 aircraft. By January 2011 the number had risen to 16,517 aircraft, as shown on the map below.
Helicopters have been making the headlines across Asia Pacific for the last few months, and Chinese designs have been at the forefront of the news. A newly unveiled five-passenger light helicopter - the Avicopter AC311 - manufactured by State owned AVIC - China Aviation Industry Corporation, is expected to achieve Chinese certification by November this year.
The year 2010 proved the analysts right in their forecasts. As far back as 2008 predictions foretold that 2010 would be the lowest point of the industry downturn.
The consequences of the world financial crisis severely affected the production sector, and shipments of business jets have roughly been halved - yet the Russian market seemed to buck the trend. Of course, the main reason for this is the complete absence of any General Aviation production facilities here. The situation for Busines
Bombardier’s latest global business aircraft forecast underlines both China’s and India’s predicted dominance in business aircraft activity in the Asia Pacific region up to 2019. After many false dawns over the past decade, and barring more western economic bad news, a surge of business jet orders is on the way for this region according to the report.
If you are a stranger to the professional circles of Russian business aviation operators and associated brokers engaged in VIP-flights, it is unlikely that you will be able to find a company with which to discuss the topic of domestic business jet flights. The talk is about passenger transportation between Russian cities by means of aircraft manufactured in the West and managed by foreign operators. In many cases the nature of such flights makes it possible to treat them as illegal cabotage.