Chad Anderson: The next 10 years
Corporate Jet Investor 2018 kicked off with Chad Anderson from Jetcraft giving his indisputably up-beat view on what the next 10 years hold in store for business aviation.
Jetcraft’s forecast looks promising, seeing deliveries of new aircraft steadily increasing over the next 10 years. The forecast sees the overall business-jet fleet growing from 21,000 in 2017, to 28,000 by 2026 – Chad’s conservative estimate.
Other predictions include Bombardier taking the top spot for OEMs (original equipment manufacturers) in terms of revenue generated, and Cessna will be delivering the most aircraft with 27.3% market share over the ten-year period.
All OEMs are all displaying a bias towards large-cabin jets. The most exciting of such jets include Bombardier’s Global 7000, and Gulfstream’s G500 and G600 – replacing the hugely successful G450 and G550 aircraft.
We have learnt a lot from surviving the tough market that followed the 2008 global financial crisis. But now there is a lot of cash, and the pent-up demand to match.
Although there was a level of optimism during the opening day of CJI London 2018, Jetcraft predicts that the market will drop slightly in 2026.
Focusing on the pre-owned market, Anderson said: “Supply has normalised, demand is strong”. But possibly the most refreshing news (for some) is that sellers now also have choices.
There is now generally more than one buyer around for each aircraft, and negotiations no longer favour the buyer so heavily as before – something Anderson claimed was not the case two years ago.
Concluding the first session of CJI London 2018’s opening day, Anderson said “The glass is half full. We are confidently post-recession, and growth with occur in a big aircraft kind of way”.