Forecast International issued an optimistic prediction about general aviation, particularly its business jet segment, last month.
The Newtown, Conn., market analysis firm believes that 10,900 business jets, worth some $141 billion, will be built — and sold — in the decade between now and 2014. Specifically named in its report are Cessna, Bombardier and Eclipse, although its presumed market leaders continue to be Gulfstream, Dassault and Bombardier.
The organization’s reading of the tea leaves indicates that the biggest market segments will be long-range business jets and the new Very Light Jets being introduced by Eclipse, Adam and a growing number of followers.
The upbeat report stated that bizjet production increased by 13% last year and should go at least that much higher this year.