Business Aviation Growth Spurred by Intro of New Aircraft

The Aviation Week Network issued its 2019 Fleet & MRO Forecasts. Covering the commercial aviation, military, business aviation and helicopter market sectors, among the findings are that the emerging market’s desire for air services is driving much of commercial aircraft demand over the upcoming decade and that Airbus and Boeing will control 81% of the unit delivery market, 94% of the retail delivery value and their aircraft will be responsible for 89% of the overall MRO aftermarket business over the next decade.

In addition, business aviation growth is being spurred by the introduction of new aircraft models, new, efficient aircraft engines as well as a business utilization recovery and recovering used aircraft prices and the civil helicopter market’s similar development of new aircraft entrants, along with the recovery of oil and gas prices, should help that market sustain slightly higher new growth prospects.

These comprehensive forecasts, prepared by Aviation Week Network’s in-house Forecasting team in conjunction with independent advisory board members, cover the commercial aviation, military, business aviation and helicopter market sectors. They are based on unbiased data and predictive intelligence, enable MRO Providers, Manufacturers and those within the supply chain to more accurately and easily predict market opportunities.

“Aviation Week Network’s 2019 Fleet & MRO Forecasts provide both projected aircraft fleet data and segmented MRO cost analytics that allow users to quickly and easily focus on key future fleet trends and locate where MRO money will be spent over the next 10 years across the commercial, military, business and civil helicopter market sectors,” said Brian Kough, director, Forecasts & Aerospace Insights, Aviation Week Intelligence Network. “With the updates and enhancements made to this latest edition which provide an unrivaled view of the world’s aerospace future, we are confident that industry professionals will find these resources essential to drive new business, maximize revenue and minimize risk.”

Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.