ZENITH JET'S ANNUAL FORECAST PREDICTS STRONGER THAN EXPECTED RECOVERY IN BUSINESS AVIATION

Business aviation services firm expects continued growth in emerging markets to be a major driver of deliveries

MONTREAL, May 11 /CNW Telbec/ - Zenith Jet, a business aviation services firm, today released its annual 'Ten Year Forecast' for new business aircraft deliveries in advance of the European Business Aviation Conference and Expo (EBACE) in Geneva, Switzerland, opening May 17th.

An ideal reference for analysts, manufacturers, suppliers and other professionals with an interest in business aviation, Zenith Jet's 2011 'Ten Year Forecast' uses a unique methodology that reflects key demand variables and in-depth market analysis. The forecast presents a segment level perspective of the market and analyzes the manufacturing component of the business aviation value chain covering airframe, powerplant and avionics manufacturers. This forecast also provides objective insights into aircraft manufacturers' product line strategies, new aircraft development and other key industry drivers.

Highlights of Zenith Jet's 2011 'Ten Year Forecast':

  • Total deliveries over forecast period (2011-2020): 11,103 units
  • Total billings (revenues): $240 billion
  • Expected compounded annual growth of new aircraft deliveries, 2011-2016: 15%
  • A notable increase in demand for long range and large business jets will continue from emerging markets
  • Increased price competition will characterize the long range business jet market as OEMs look to capitalize on demand
  • Order backlog levels likely to decline in short-term as manufacturers manage the alignment of their order intake and production rates
  • Demand for light and mid-size business jets remains weak, but production levels will ramp up quickly as market recovers
  • Opportunities exist for OEMs to develop new clean sheet designs as existing airframe platforms are increasingly unlikely to yield successful derivatives

"Based on a detailed independent analysis, we have estimated the current consolidated industry backlog for in-production, non fractional, aircraft to be worth approximately $20 billion," says George Tsopeis, author of the Zenith Jet 'Ten Year Forecast' and Vice President, Business Operations, Zenith Jet. "We believe that this backlog, which represents 18-24 months of production, is a relatively solid starting point for a recovery in the industry. Additionally, ours is the only business aviation forecast reflecting the cyclical nature of the industry by predicting a market slowdown by 2016," adds Mr. Tsopeis.

Zenith Jet's 2011 'Ten Year Forecast' is available for download at www.zenithjet.com. The cost for the comprehensive document is $499.00 USD. Copies are available for accredited journalists and a complementary executive summary is available to all.

About Zenith Jet

Zenith Jet is a business aviation services firm specializing in aircraft sales and acquisitions, charter, interior sound suppression cabin systems, completions management and consulting. Leveraging its principals' extensive industry experience, Zenith Jet provides tailored solutions on a wide range of business aviation issues. For more information, please visit www.zenithjet.com.

About George Tsopeis

Over the course of a 15-year career, George Tsopeis has forged an extensive background in business, commercial and defence aviation. Currently, Mr. Tsopeis offers senior consulting and forecasting services for business aviation clients and is a regular reference for financial analysts covering the aerospace sector. Previously, George was Director of Business Development at CAMP Systems. Earlier in his career, George Tsopeis spent 10 years with Bombardier Aerospace, where he held several roles including: Manager, Business Planning and Performance, Bombardier Business Aviation Services, and Manager, Strategy and Business Development, Bombardier Business Aircraft. George holds an M.A. in Public Policy and Public Administration from Concordia University in Montreal, Canada.

 

SOURCE ZENITH JET

For further information:

Mark Lowe
PRagmatic Communications
For Zenith Jet
Tel: (514) 499-9632
Mobile: (514) 576-2519
E-mail: mark.lowe@pragcom.com

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