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The Very Light Jet (VLJ) Market 2008-2017 Third Edition: The Impact of the Global Financial Crisis on the VLJ Market
pmi-media ltd., Nov 2008, Pages: 150
This report provides a comprehensive analysis of the global market for very light jets, taking into account the impact of the current global financial turmoil on the VLJ sector. The report looks at the future market for these aircraft in terms of numbers, geographic demand and customer type (air taxi operator, corporate operator, owner/ operator). It matches other high-level views with the 'bottom-up' analysis of who has bought and ordered VLJs, developing detailed market forecasts by individual aircraft types and values.
The report also features:
- A comprehensive overview of current market conditions and future catalysts to growth and challenges
- The regulatory, financial and industrial hurdles to bringing VLJs into full operation
- Detailed aircraft programme histories
- Technical and market information about each aircraft type
- The industrial supply chain for each aircraft type, specifying who supplies what on each aircraft
- Related operating issues, such as training and maintenance
The market for very light jets (VLJs) for the next ten years (2008 and 2017) is likely to entail the delivery of 4,610 aircraft, worth around $9.54 billion in 2008 prices.
This forecast is generally in the mid range of other high-level forecasts (which range between Honeywell’s 6,000 plus down to Teal Group’s 3,365 – see section 1.4).
There are currently 17 VLJs, in theory, competing in this marketplace. Of these, nine are currently in funded development/production phases. Two are in production (Eclipse 500 and Cessna Mustang), one is about to go into production within the next few weeks (Embraer Phenom 100) and four have significant financial backing or order commitments (HondaJet, Cirrus Vision SJ50, Diamond D-JET and Piperjet).
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