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Aviation News Item: 01165
15th Jun 2009
Bombardier Releases Annual Aircraft Market Forecasts
Source: fly-corporate.com
 In the 10-year period from 2009 to 2018, the Bombardier Business Aircraft Market Forecast predicts that business jet manufacturers will deliver a total of 11,500 aircraft (excluding very light jets) with revenues of approximately $256 billion for the industry.
While in the short term the industry faces important challenges such as high pre-owned inventories, negative public perceptions and a difficult economic climate, Bombardier remains confident that there is strong potential for the business aircraft industry over the next 10 years. The anticipated return of global economic growth is expected to result in a strong recovery in the demand for business jets.
The worldwide business jet fleet included approximately 13,600 aircraft at the end of 2008. It is expected to grow by a compound annual growth rate (CAGR) of approximately 5.8% over the forecast period to some 23,800 units after aircraft retirements. The Canadian manufacturer belives that "fundamentals of the business jet industry are solid and are expected to remain positive in the long term".
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