Page 9 - Bombardier Market Forecast
P. 9
historical market performance
Bombardier Business Aircraft | Market Forecast 2011-2030 09
Historical Business Jet Market Revenues
US$B, calendar years 2001-2010
Revenues ($US Billion) 19.8
shattered in 2008, with deliveries totalling 14.8 17.2 15.0 15.2
927 units for the year. Record sales, as well 12.2
as a shift in buyer interest toward larger 11.0 9.1 9.7
aircraft, explain the peak of $19.8 billion 7.6
in industry revenue reached in 2008.
2008 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
The near-collapse of financial markets at the All segments in which Bombardier competes
end of 2008 precipitated a sharp downturn in Sources: Revenues estimated from GAMA and B&CA list prices.
business aviation. Order activity stalled begin-
ning in the last quarter of 2008 and onwards.
The inventory of pre-owned aircraft for sale
increased dramatically and residual values flight activity in the U.S. and Europe respec-
took a significant hit. Moreover, OEMs juggled Since H2-2009
with cancellations and deferrals. We estimate Since the second half of 2009, business jet tively. Business jet utilization is at its highest
levels since 2007 in both regions.
that more than 800 order cancellations usage has increased and pre-owned inventory
were recorded in 2009 in the Light to Large has been declining. Credit availability has also Recently, we have experienced the resurgence
categories. These unfavourable market recovered. Market fundamentals improved
conditions forced most OEMs to decrease significantly in the past 2 years; approximately of multiple aircraft deals. Most aircraft OEMs
are now recording positive net order intake,
their production that same year. The trough, 500 fewer aircraft for sale on the pre-owned
in terms of market conditions, was reached market (a drop of 3.4 percentage points, signaling that the market has moved to its
second phase of recovery.
in the first half of 2009. to 14.4% in Q1-2011); 22% and 12% more
Bombardier Business Aircraft | Market Forecast 2011-2030 09
Historical Business Jet Market Revenues
US$B, calendar years 2001-2010
Revenues ($US Billion) 19.8
shattered in 2008, with deliveries totalling 14.8 17.2 15.0 15.2
927 units for the year. Record sales, as well 12.2
as a shift in buyer interest toward larger 11.0 9.1 9.7
aircraft, explain the peak of $19.8 billion 7.6
in industry revenue reached in 2008.
2008 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
The near-collapse of financial markets at the All segments in which Bombardier competes
end of 2008 precipitated a sharp downturn in Sources: Revenues estimated from GAMA and B&CA list prices.
business aviation. Order activity stalled begin-
ning in the last quarter of 2008 and onwards.
The inventory of pre-owned aircraft for sale
increased dramatically and residual values flight activity in the U.S. and Europe respec-
took a significant hit. Moreover, OEMs juggled Since H2-2009
with cancellations and deferrals. We estimate Since the second half of 2009, business jet tively. Business jet utilization is at its highest
levels since 2007 in both regions.
that more than 800 order cancellations usage has increased and pre-owned inventory
were recorded in 2009 in the Light to Large has been declining. Credit availability has also Recently, we have experienced the resurgence
categories. These unfavourable market recovered. Market fundamentals improved
conditions forced most OEMs to decrease significantly in the past 2 years; approximately of multiple aircraft deals. Most aircraft OEMs
are now recording positive net order intake,
their production that same year. The trough, 500 fewer aircraft for sale on the pre-owned
in terms of market conditions, was reached market (a drop of 3.4 percentage points, signaling that the market has moved to its
second phase of recovery.
in the first half of 2009. to 14.4% in Q1-2011); 22% and 12% more
