Bombardier: 24,000 New Bizjets over Next 20 Years

A 20-year business aircraft market forecast released by Bombardier predicts a return to sustained growth. According to the report, some 24,000 business jets (not including very light jets) will be delivered from 2011 to 2030. The total includes 10,000 aircraft worth $260 billion in the first half of the forecast period and 14,000 jets worth $366 billion in the second half. Bombardier said the business aircraft industry's improving book-to-bill ratio is a signal that the market has turned the corner and is gaining momentum. Thanks to a widening customer base for business aircraft, especially in high-growth economies, the Canadian aircraft manufacturer foresees that North America, Europe and China will be the most active markets and will generate the most revenues over the next 20 years.