Bombardier to deliver 8,300 jets in 10 years
Bombardier has disclosed in its forecast for the private aviation market, that up to 8,300 new business jet would be delivered between 2016 and 2025, representing approximately $250 billion in industry revenues.
It added that significant growth is expected in the long term, with larger aircraft continuing to dominate the market.
Vice President, Strategy, Marketing, and Innovation, Bombardier Business Aircraft, Jean-Christophe Gallagher, said: “This annual forecast identifies longer-cycle trends that we use in our own strategic decisions, enabling us to react quickly and efficiently to constant market changes.”
Bombardier also expected that North America will account for the greatest number of new business jet deliveries between 2016 and 2025 with 3,930 aircraft, followed by Europe, which remains the second largest market with 1,530 deliveries expected between 2016 and 2025.
In addition to the forecast, Bombardier announced that the appointment of three officers, effective immediately.
Jean-Paul Boutibou is appointed Vice President, Sales, Middle East & Africa; Christopher Jones is appointed Vice President, Sales, North America; and Kevin Smith will undertake the new role of Vice President, Regional Aircraft. Mr. Boutibou, Mr. Jones, and Mr. Smith will all report to Colin Bole, Senior Vice President, Commercial.