Report Forecasts Weak Decade for Business Jets

Business Jet Traveler » February 2009
Sunday, February 1, 2009 - 4:00am

Brian Foley Associates has completed its 10-year Business Aviation Market Brief & 10-year Jet Forecast and the news isn't good. "Virtually any start-up air taxi, charter or fractional program will be extremely challenged by the current economic environment," according to the Sparta, N.J. firm. "In our view, a sizeable number of these entities will disappear or indefinitely defer orders, greatly complicating the lives of OEMs with exposure to this segment in the form of unsold product. The manufacturers also risk order deferrals, even from the sound, established fractional providers who can postpone deliveries."

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“When you get into the larger aircraft it becomes like a hotel, with dozens of staff supporting the plane based in a galley area down below. You have very comprehensive cooking facilities, and on larger aircraft we have looked at theatres, with spiral staircases and a Steinway grand piano. The limitations for what you can put inside a plane are pretty much the limits of physics, and even money cannot always overcome that. Even so, people are still always trying to push [the limits]. ”

-Howard Guy of Design Q, a UK-based consultancy