Bombardier lowers 10 year forecast for business aircraft delivery

May 24, 2016 – Bombardier now expects the aviation industry’s business aircraft sector will deliver 8,300 jets over the next 10 years, an eight per cent decline from the previous forecast.

Last year’s forecast was for 9,000 deliveries of business jets in the decade to 2024, including 210 that Bombardier expected to deliver in 2015.

The company didn’t announce how many business aircraft it expects to deliver this year.

The market forecast is produced each year by the Montreal-based company, which is the No. 3 producer of commercial jets after Boeing and Airbus.

“This annual forecast identifies longer-cycle trends that we use in our own strategic decisions, enabling us to react quickly and efficiently to constant market changes,” said Jean-Christophe Gallagher, vice-president, Strategy, Marketing and Innovation, Bombardier Business Aircraft. “We have built our leadership position in aviation by continuously monitoring the market and making proactive business decisions based on macroeconomic analyses and our industry expertise.”

The company says it expects significant growth in demand for business jets over the long term as growth returns to emerging markets outside North America and Europe.—

— With files from The Canadian Press