By Paul Cardarelli
In order for us to try to predict a return to a “buyer’s” market, we first have to take a look at predicting future business jet fleet size.
How many jets will be delivered in 2010?
GAMA reported approximately 1100 units were delivered in 2007, 1300 in 2008, but then there was a severe drop in 2009 to only 870 units. Making the average over the last few years, about 1100 jet deliveries.
How many jets will be retired this year?
During 2007, 2008 and 2009 JETNET reported an average of 62 jets per year being retired from service. Continue reading