Bullish Bombardier Releases Annual Bizjet Forecast
Bombardier shipped 56 business jets in the first quarter of 2007 with total billings of almost $1.3 billion, according to GAMA's quarterly report, and Bombardier expects its market to remain strong. The company's "10-year baseline Corporate Aircraft Market Forecast predicts 9,950 deliveries" in sum total from 2007 through 2016, representing $227 billion in market-wide revenues and an average 995 aircraft each year. (Note: those figures exclude the VLJ segment.) The forecast is a jump from the average of 572 business jet deliveries for years 1997 through 2006. Echoing a market-wide sentiment, Bombardier expects a shift toward international markets and aircraft that are more efficient to operate. The company expects to see continued growth in the market extending forward from today through the next four years and building annually upon the record deliveries mark set in 2006. The following six years are expected to remain strong following a plateau that Bombardier predicts will now arrive two years later than it had previously forecast.