Report Forecasts Weak Decade for Business Jets

Business Jet Traveler » February 2009
Sunday, February 1, 2009 - 4:00am

Brian Foley Associates has completed its 10-year Business Aviation Market Brief & 10-year Jet Forecast and the news isn't good. "Virtually any start-up air taxi, charter or fractional program will be extremely challenged by the current economic environment," according to the Sparta, N.J. firm. "In our view, a sizeable number of these entities will disappear or indefinitely defer orders, greatly complicating the lives of OEMs with exposure to this segment in the form of unsold product. The manufacturers also risk order deferrals, even from the sound, established fractional providers who can postpone deliveries."

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““When I made the film The Invention of Lying, they gave me a private jet for getting back and forth between New York and London. I thought, ‘I will never use it’ but I ended up using it every weekend. You turn up, right, and the airport is completely empty. I mean, there’s just someone at the desk and then the pilot, who says, ‘Are you ready to go?’ and you say, ‘Don’t you want to see my passport?’ and he goes, ‘Oh yeah, I suppose I’d better.’” ”

-—actor and comedian Ricky Gervais