Poll: What will lead the "come back"...business traffic or leisure traffic?

Challenger 350
Credit: Bombardier

In the wake of the COVID-19 pandemic, business jet deliveries in 2020 could drop anywhere from 12.5% to as much as 40-50% compared to last year, with recovery unlikely before 2023, according to a new forecast by JetNet IQ. 

The coronavirus could potentially disrupt the supply chain for manufacturers and work to change the mix of business aircraft in demand as companies decide to put more of their employees on private jets as an alternative to the airlines, said Rolland Vincent, an aviation consultant and director of JetNet IQ. 

 “The COVID-19 crisis is already the most fundamental shock–the black swan of swans–to ever get sucked into the engine of aviation,” Vincent said. The pandemic is expected to trigger a global recession and bring an end to business aviation’s “long, slow and unsteady recovery following 2008.” 

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At the end of 2019 before the pandemic, Vincent projected manufacturers to deliver 730 business jets in 2020, about flat from 726 shipments in 2019. He now projects deliveries of 630 this year in a best-case scenario and 377 in a worst-case scenario. He forecasts 2021 and 2022 deliveries of about 600 business jets, increasing to 615 in 2023, 623 in 2024 and 646 in 2025. 

Read the full article - COVID-19 Could Trigger Bizjet Demand Nosedive, Forecast Says.

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