current market drivers
Bombardier Business Aircraft
|
Market Forecast 2011-2030
18
of flight hours per year, without the obligation
to purchase shares in any aircraft.
There are four large operators in the fractional
ownership industry, among them
NetJets
and
Flexjet by Bombardier.
The fractional
ownership industry went through a period of
fleet rationalisation during 2009, resulting in
a substantial reduction of its order backlog.
Since then, backlogs have resumed growing;
in particular,
NetJets
placed significant
volume orders for new business jets in
2010 and early 2011.
The growth in the number of branded charter
operators is a more recent trend. These
operators offer on-demand flight with
competitive trip-specific pricing. Branded
charter operators are characterized by
sophisticated operations infrastructure,
and greater use of airline-style scheduling
practices in order to minimize deadhead costs.
In 2008, branded charter operator orders
represented approximately 20% to 30% of
total business jet orders. In 2009, the after-
math of the economic downturn caused
branded charter operators to resort to order
deferrals and cancellations. Larger operators,
such as
VistaJet
and
Comlux
, have returned
to growth and have placed orders for addi-
tional business jets in 2010 and early 2011.
Fractional and branded charter operators
are returning to growth and are expected to
account for approximately 10% of business
jet deliveries over the next 20 years.
Business Jet Fractional Order and Delivery Units
Units, Calendar years 2001-2010
Fractional operators includes: Flexjet, Netjets, CitationAir, Flight Options.
Sources: Deliveries from Ascend; Orders from competitive intelligence.
Excludes Very Light Jet and Large Corporate Airline categories.
-500
-300
-100
100
300
500
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
Order and Delivery Units
Fractional Orders
Fractional Deliveries
