Bombardier Aerospace has released its annual forecast for both business and commercial aircraft markets, with the company optimistic of a financial recovery following a tough post-GFC period.
Bombardier cites China and India as two key drivers of economic growth in leading the aircraft industry’s recovery, with a number of airlines based in those countries “expected to capture an increasingly important share of industry orders in both the business and commercial aircraft markets.”
In terms of figures, the company predicts 24,000 aircraft deliveries in the business market from 2011 through to 2013, with revenues of US$626 million. Meanwhile, in the commercial market, 13,100 deliveries in the 20 to 149 category have been forecast between 2011 and 2030, worth nearly US$639 billion in revenues.
“We are confident in our future, and as the market continues to recover, we are building on our strong commitment to innovation and reinforcing our leadership position in commercial and business aviation,” Bombardier Aerospace president and COO Guy Hachey said in a statement. “In 2011, we mark our 25th anniversary in the aerospace industry, and innovation has been a key driver of our successes during the last quarter century.”
Bombardier vice president, Strategy, Business Development and Structured Finance, Mairead Lavery added that a number of new aircraft in development such as the Learjet 85 and Global 7000/8000 business jets would help the company “emerge from the recession at the forefront of our industry.”