The AVWeb’s Russ Niles [free registration required] is reporting that Gerson Lehrmann Group is feeling optimistic about the economic recovery for the business aviation industry. While the number of flights is down, commercial aviation is suffering more, and as a result, business jet flights are becoming an attractive option. Business jet manufacturers also stand to gain, as the current fleet of business jets continues to age.
“Gerson Lehrmann also says the current anti-business aviation attitude will disappear and be a non-issue in the decision-making processes of companies and individuals looking for new aircraft. It quotes the Teal Group as predicting recovery for the industry by 2012 with a 10-percent annual growth rate after that…But even the downturn hasn’t been that bad, according to Gerson Lehrmann. ‘While the industry is working through this down cycle, business jets have not been grounded,’ the analysis reads. ‘Flight hours may be off 20%, but the fleet is still growing, and aging.’”
{ 0 comments… add one now }