Business Aviation: Record Orders For 2006
"These are great times," according to the Teal Group, a research firm that released its annual business-aviation outlook last week at the Berlin Air Show. "High corporate profits and high commodity prices, coupled with emerging market growth, have produced a likely all-time market high this year -- 901 planes worth $13.6 billion -- with further growth likely into 2007," said Richard Aboulafia, an analyst for the group. Over the next decade, 10,087 bizjets worth $141.1 billion will be sold, the group said. By comparison, in the last 10 years, that total was 5,857 jets. The analysis also foresaw an 85-percent likelihood that a supersonic business jet will reach the market before 2020. The Aerion supersonic jet could be at a disadvantage because of its sonic boom, which limits its ability to fly over land, the group said. Supersonic Aerospace International is working with a design with a suppressed sonic boom, which Teal says is more marketable. Still, it's impossible to say which project will succeed in the end, or if either will. Teal's analysts are realistic about the uncertainties of trying to see into the future. "If you don't like our numbers, make up your own," they say. "We did."