Delayed Recovery Forecast for Business Jet Market
/NEWTOWN, Conn. [December 6, 2010] — A new study released by Forecast International projects that a total of 11,437 business jets, worth an estimated $217.5 billion, will be produced from 2010 through 2019. "The Market for Business Jet Aircraft" also indicates that business jet production, which has dropped sharply since late 2008, will continue declining through 2011. A recovery in overall business jet build rates will not occur until 2012, according to the Forecast International projections.
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