Data from Forecast International’s innovative Platinum Forecast System® 3.1 show that a total of 12,282 business jets will be produced during the 15-year period from 2017 through 2031. We estimate the value of this production at $354 billion in 2017 U.S. dollars. Continue reading
Embraer plans to conduct a flight display of three new aircraft at this year’s Paris Air Show. The Brazilian aerospace company will display its commercial E195-E2 airliner, Legacy 450 business jet, and KC-390 military multirole transport. Continue reading
by J. Kasper Oestergaard, European Correspondent.
The Pilatus PC-24 is a twin-engine light/medium-light business jet currently in the late stages of development and testing. The aircraft builds on Pilatus’s almost 25 years of experience manufacturing and selling the popular PC-12 turboprop – more than 1,450 have been sold to date. The $8.9 million PC-24 shares many of the features of the PC-12, including a spacious aft cargo/baggage compartment and wide cargo door, an easy-to-reconfigure cabin, and the ability to land on short, unpaved runways. These provide the PC-24 with an edge in the very competitive and cyclical market for light business jets. The PC-24 competes with the Embraer Phenom 300, Bombardier Learjet 70/75, and Cessna Citation CJ4 and Citation XLS+ and is priced slightly lower while offering greater versatility. The 4-foot-wide cargo door makes it very useful for medevac missions and cargo transportation. Continue reading
Although business jet production is unlikely to match the skyrocketing output seen in the mid-2000s any time soon, Forecast International’s Platinum Forecast System® shows that a total of 13,252 business jets will be produced during the 15-year period from 2016 through 2030. The value of this production is estimated at a staggering $360 billion in FY16 U.S. dollars. Continue reading