Page 41 - Bombardier Market Forecast
P. 41
the forecast
Bombardier Business Aircraft | Market Forecast 2011-2030 41
Africa (continued)
According to the African Economic Outlook Fleet Evolution Forecast - Africa
by the OECD released in June 2011, recent Fleet, Deliveries, Retirements; 2010-2030
political events in North Africa and high food
and fuel prices are likely to slow the conti-
nent’s growth down to 3.7% in 2011. During 90
this year, Sub-saharan Africa will grow faster
than North Africa. From 2011 to 2030, 475
Africa’s growth is predicted to average
4.4% per year, according to IHS Global
Insight. 80
325 950
Due to the low economic growth over the
past 50 years, business aviation did not
take root in Africa. The fleet in the region is 565
relatively small, representing only 2% of the 320
worldwide fleet. Technical support remains
minimal and lack of trained pilots increases
the costs of operating a business jet. Fleet 2010 Deliveries Retirements Fleet 2020 Deliveries Retirements Fleet 2030
Sources: Ascend, Bombardier forecast. Excludes Very Light Jet and Large Corporate Airline categories.
However, things could begin to change
due to a prosperous outlook on the horizon. As the forecast business jet penetration
Africa is now one of the world’s fastest- curve shows, fleet per 100 million population
growing regions. South Africa held the is expected to grow from 37 to 80 over
2010 World Cup, and its economy and the next 20 years. Africa will receive 800
infrastructure highly benefited from the event. business jet deliveries during the 2010-2030
Although taxes are high in some countries, period, 325 aircraft between 2011 and 2020,
this is not a limitation for aircraft sales. and 475 aircraft between 2021 and 2030.
Gaps in scheduled airline service will mean The 2010 fleet of 320 business jets will grow
growth opportunities for business aviation, to 950 aircraft by 2030, with a fleet growth
but at a slow rate of penetration. CAGR of approximately 6%.
Bombardier Business Aircraft | Market Forecast 2011-2030 41
Africa (continued)
According to the African Economic Outlook Fleet Evolution Forecast - Africa
by the OECD released in June 2011, recent Fleet, Deliveries, Retirements; 2010-2030
political events in North Africa and high food
and fuel prices are likely to slow the conti-
nent’s growth down to 3.7% in 2011. During 90
this year, Sub-saharan Africa will grow faster
than North Africa. From 2011 to 2030, 475
Africa’s growth is predicted to average
4.4% per year, according to IHS Global
Insight. 80
325 950
Due to the low economic growth over the
past 50 years, business aviation did not
take root in Africa. The fleet in the region is 565
relatively small, representing only 2% of the 320
worldwide fleet. Technical support remains
minimal and lack of trained pilots increases
the costs of operating a business jet. Fleet 2010 Deliveries Retirements Fleet 2020 Deliveries Retirements Fleet 2030
Sources: Ascend, Bombardier forecast. Excludes Very Light Jet and Large Corporate Airline categories.
However, things could begin to change
due to a prosperous outlook on the horizon. As the forecast business jet penetration
Africa is now one of the world’s fastest- curve shows, fleet per 100 million population
growing regions. South Africa held the is expected to grow from 37 to 80 over
2010 World Cup, and its economy and the next 20 years. Africa will receive 800
infrastructure highly benefited from the event. business jet deliveries during the 2010-2030
Although taxes are high in some countries, period, 325 aircraft between 2011 and 2020,
this is not a limitation for aircraft sales. and 475 aircraft between 2021 and 2030.
Gaps in scheduled airline service will mean The 2010 fleet of 320 business jets will grow
growth opportunities for business aviation, to 950 aircraft by 2030, with a fleet growth
but at a slow rate of penetration. CAGR of approximately 6%.
