Page 39 - Bombardier Market Forecast
P. 39
the forecast
Bombardier Business Aircraft | Market Forecast 2011-2030 39
Middle East (continued)
After Dubai's troubles in 2010 with regards to Fleet Evolution Forecast - Middle East
slumping property market and cash-strapped Fleet, Deliveries, Retirements; 2010-2030
state-owned firms, prospects are becoming
brighter this year for the United Arab 90
Emirates. Fiscal spending and resurgent
exports will help build some momentum for
the economic recovery in Dubai. 765
According to IHS Global Insight, Middle East
GDP growth is forecast to strengthen to 5.4% 50
in 2011. In the period from 2011 to 2030, the 1,415
yearly average growth is predicted at 4.1%. 410
Stimulated by a sustained economic growth, 740
business aviation has been expanding fast in
the Middle East, from 140 business aircraft 380
in the region in 2004, to a total fleet of 380 at
the end of 2010, representing a fleet growth Fleet 2010 Deliveries Retirements Fleet 2020 Deliveries Retirements Fleet 2030
CAGR of 18%. Based on the historical Sources: Ascend, Bombardier forecast. Excludes Very Light Jet and Large Corporate Airline categories.
business jet penetration curve, the Middle
East business jet market is showing some
signs of maturity. routes than on shorter ones. According to deliveries, 410 aircraft between 2011 and
the Middle East Business Aviation Association 2020, and 765 aircraft between 2021 and
Against the global backdrop of economic (MEBA), the next barrier to overcome in the 2030. The 2010 fleet of 380 business jets will
turmoil, the Middle East remains a strong region is access, as there are not enough grow to 1,415 aircraft by 2030 with a fleet
market for business aviation. High prices designated airports for business aviation. growth CAGR of approximately 7%.
for the region's oil exports, long distances
between its major cities, and mediocre As the forecast business jet penetration curve
surface transportation, all help to support shows, fleet per 100 million population is
the business aviation industry, as does the expected to grow from 135 to 400 over the
fact that scheduled airlines services in the next 20 years. Between 2011 and 2030, the
region tend to focus more on long-haul Middle East will receive 1,175 business jet
Bombardier Business Aircraft | Market Forecast 2011-2030 39
Middle East (continued)
After Dubai's troubles in 2010 with regards to Fleet Evolution Forecast - Middle East
slumping property market and cash-strapped Fleet, Deliveries, Retirements; 2010-2030
state-owned firms, prospects are becoming
brighter this year for the United Arab 90
Emirates. Fiscal spending and resurgent
exports will help build some momentum for
the economic recovery in Dubai. 765
According to IHS Global Insight, Middle East
GDP growth is forecast to strengthen to 5.4% 50
in 2011. In the period from 2011 to 2030, the 1,415
yearly average growth is predicted at 4.1%. 410
Stimulated by a sustained economic growth, 740
business aviation has been expanding fast in
the Middle East, from 140 business aircraft 380
in the region in 2004, to a total fleet of 380 at
the end of 2010, representing a fleet growth Fleet 2010 Deliveries Retirements Fleet 2020 Deliveries Retirements Fleet 2030
CAGR of 18%. Based on the historical Sources: Ascend, Bombardier forecast. Excludes Very Light Jet and Large Corporate Airline categories.
business jet penetration curve, the Middle
East business jet market is showing some
signs of maturity. routes than on shorter ones. According to deliveries, 410 aircraft between 2011 and
the Middle East Business Aviation Association 2020, and 765 aircraft between 2021 and
Against the global backdrop of economic (MEBA), the next barrier to overcome in the 2030. The 2010 fleet of 380 business jets will
turmoil, the Middle East remains a strong region is access, as there are not enough grow to 1,415 aircraft by 2030 with a fleet
market for business aviation. High prices designated airports for business aviation. growth CAGR of approximately 7%.
for the region's oil exports, long distances
between its major cities, and mediocre As the forecast business jet penetration curve
surface transportation, all help to support shows, fleet per 100 million population is
the business aviation industry, as does the expected to grow from 135 to 400 over the
fact that scheduled airlines services in the next 20 years. Between 2011 and 2030, the
region tend to focus more on long-haul Middle East will receive 1,175 business jet
