VLJs market about to enter new dynamic phase - new report November 26, 2013.A second phase in the development of the very light jet (VLJ) market is about to get underway, according to a new study by aerospace consultants PMI Media Limited, and more than 1,700 aircraft of this type will be delivered in the next seven years.“This is a market defying logic,” according to the report’s author Philip Butterworth-Hayes. “The most innovative and market changing aircraft concepts are coming from companies with their roots in the Far East. And the most exciting new personal jet concept, an aspirational aircraft aimed at wealthy personal jet owners wanting to trade up from their piston or turboprop aircraft to a single-engined jet, is being pioneered by a company owned – ultimately – by the government of the People's Republic of China.”The report – the fifth in a series of focused studies on this sector that PMI has published since 2006 – examines the shape, extent and dimension of the re-emergent VLJ market. Demand for these aircraft collapsed with the banking crisis of 2008, but recent years have seen two established manufacturers develop a successful line of mature programmes. By the end of 2013, more than 1,000 VLJs will have been delivered.One of the major changes to market over the coming years, according to the report, will be demand for new VLJs from customers in the Middle East and Far East, while the VLJ sales to aircraft operators in Latin America will fall from the current 21% of global demand to 15% by 2019, behind Europe.“We still have yet to see whether affordable jets can really take root in the general aviation market,” said Philip Butterworth-Hayes. “We believe they can and will – though it will take longer than predicted.”New models recently entering, or about to enter, the market include the Cirrus Vision SF50, the Hondajet and the Eclipse EA 550. Does this signify a new era – one in which the operation of personal jets will become a reality for thousands of private pilots? Or will the economic and regulatory hurdles that exist prove to be too much for a genuine new market to emerge? Is the air taxi market about to re-launch as economic conditions improve in Europe and North America? What will be the impact of the liberalising of personal and corporate jet ownership in the Middle East and Asia? How will Cessna and Embraer respond to developing competition? And – finally – what is the market really worth?
PMI Media Limited’s The Market for Very Light and Personal Jets 2013-2019 addresses these questions and more. Available as an electronic publication of 95 pages the report is priced at £450/€540/US$720 and will be published on 26th November 2013.
For more information please contact: Philip Butterworth-Hayes, Editorial Director of PMI Media on + 44 1273 724 238, or via Philip.firstname.lastname@example.org
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