Big Bizjet Market Recovered
The large-cabin business jet market has recovered to pre-recession levels, according to Gulfstream. At a news conference just before the opening of Aero India in Bangalore on Tuesday, Roger Sperry, Gulfstream's VP of international sales, said the company will sell more than 100 airplanes this year, including 90 large-cabin and 15 to 20 small-to-medium aircraft. "The demand for long-range jets remains robust because of the rapid expansion of global business ties," Sperry is quoted as saying by Reuters.
India is considered an emerging market and the Bangalore show is expected to be busy, largely because of India's massive military modernization effort. According to Bombardier, the number of business jets in the country is expected to triple over the next 10 years to about 500.