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Business jet deliveries show single-digit increase in percentage
year on year

Business jet deliveries to soar 8pc

DUBAI, October 21, 2014

Business jet deliveries are expected to see a 7 to 8 per cent increase this year, over the 2013 forecast, a recent report stated.

Around 650 to 675 new jets will be delivered this year, showing a single-digit increase in percentage growth year-over-year. The improvement in deliveries expected this year is largely due to programme schedule recoveries, new model introductions and additional fractional uptake.

The report also unveiled that operators plan to make new jet purchases equivalent to about 23 per cent of their fleets over the next five years either as a replacement or in addition to their current fleet.

Of the total new business jet purchase plans, 19 per cent are intended to occur by the end of 2015, while 14 and 22 per cent are scheduled for 2016 and 2017, respectively.

The MEA region’s share of projected demand for new business jets moved below its historical range of 4 to 7 per cent this year.

In the Middle East and Africa, 18 per cent of respondents’ fleets are projected to be replaced or added to with a new jet purchase – down from 26 per cent last year. The level of purchase plans is under the world average owing to regional distress, with operators in the region scheduling their purchases later in the next five-year window than expected last year. Only 21 per cent of purchases have been planned before 2017. – TradeArabia News Service




Tags: Middle East | business jet |

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