NEW INTELLIGENCE
Personal jet market “worth more than $7 billion over next 10 years” June 21, 2011. “Although the words “very light jet” can no longer be used in polite company there are clear signs that from 2014 there will be renaissance in the small jet-powered aircraft market”, according to PMI Media’s leading aerospace analyst Philip Butterworth-Hayes.“We are predicting slightly over 2,500 VLJs and personal, single-engined jets will be sold during the 2011-2020 timeframe,” according to Butterworth-Hayes, “in a market worth around $7.25 billion.”“There are a number of new factors which are suggesting room for cautious optimism about personal jets,” said Butterworth-Hayes. “The pedigree and financial resources of the companies involved in developing new aircraft for this market suggest a much more financially robust and operationally experienced approach to launching light jet projects. The entry into service of new types such as the PiperJet Altaire and Cirrus Vision SF50 will also coincide with a period of strong recovery in the overall business jet market. Third, the demographics of demand are changing quickly, with new customers emerging in China, India and the Middle East. This means that demand will no longer be focused on North America and depend on an untried financial model of an emerging air taxi customer-base.“And despite their detractors more than 800 VLJs have been delivered in the last four years – not a bad record considering this new class of aircraft was launched into a market of unprecedented contraction.The forecast report The market for very light and personal jets 2011-2020 is available from PMi Media Limited at a cost of £240.00/$390.00.For more information please contact Philip Butterworth-Hayes on +44 1273 724 238, mobile +44 7778 030 633 or via email philip.Butterworth-Hayes@pmi-media.com
Training & Simulation Forum launched to provide unique market dataMay 30, 2011. The Training & Simulation Forum (www.trainingandsimulationforum.net) designed to become the voice of the military/security training and simulation industries worldwide, has been launched today. The Forum is a Web-based service that will provide news, analysis and a discussion forum for the international community engaged in military and security training and simulation activities."The fundamental idea is to provide information services in near real time for a community that does not currently have a dedicated service to keep it comprehensively informed on a regular and frequent basis," said Tim Mahon, Commercial Director of PMI Limited, the specialist defence and aerospace media and consultancy company which has developed the concept.
The forum also comprises a free, comprehensive supplier directory.See previous news stories
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