7,650 VLJs to be delivered during 2007-2016 despite new market uncertainties

PRLog (Press Release) – Sep 17, 2007 – September 14th, 2007 PMI-Media. A total of 7,650 very light jets (VLJs) will be delivered between 2007 and 2016, according to the second edition of PMI-Media Limited’s market-tracking research survey The Very Light Jet Market 2007-2016: A critical analysis of trends, challenges and solutions. The market for these aircraft will be worth around$18.36 billion over this period, according to the report.
“This latest forecast reflects some of the most recent trends which are applying contradictory forces on the market,” said PMI Media Ltd editorial director Philip Butterworth-Hayes. “On the one hand the VLJ order book currently stands at more than 4,010 aircraft and established manufacturers such as Cessna, Diamond and Embraer are stating to record consistent increases in demand. However, there are still major uncertainties  - in particular the suitability of new aircraft types to the robust demands of the air taxi market and the consequence of continuing production delays - which make accurate forecasting highly complex. And for the first time there is some anecdotal evidence that the current volatility in global economic markets might soon impact the VLJ and wider business jet sectors.”
PMI Media issues forecast updates every two months, based on interviews with aircraft operators, manufacturers and other VLJ industry stakeholders.
“We are predicting 2007 deliveries of VLJs to be around the 200 mark, up from our 2006 forecast of 175.  In the first half of 2007 31 Cessna Mustangs and Eclipse 500s were delivered – so the second half of the year should see a steep ramp up in production activity,” said Butterworth-Hayes.
The new PMI Media report, available from October 22, will add new sections and analysis. The report will highlight:
•   Detailed analysis of the VLJ market within different world regions and countries
•   Experience to date of VLJ operations by air taxi users and owner/operators.
•   Greater analysis of VLJ manufacturing supply chains
•   Separated analysis of the single-engined and twin-engined markets
•   Greater understanding of VLJ operations and their impact – operational, economic, system-wide capacity – on airport and air traffic management systems.
The VLJ (Very Light Jet) Market 2007-2016 A critical analysis of trends, challenges and solutions Second Edition will be available from October 22, 2007 at a cost of GBP 296,00. Included in this price are six updates, produced every two months, which give industry news and analysis along with updated delivery forecasts by aircraft type and value.  Existing customers for the current edition (October 2006) will pay GBP 247.00, new customers ordering before October 22, 2007 receive a 10% rebate, their price GBP 266,00 .
For more information on report’s findings please contact Philip Butterworth-Hayes on +44 1273 724 238, mobile +44 7778 030 633, email Phayes@pmi-media.com
For order information please visit www.pmi-media.com, or contact Rainer Vogel on +49 7305 927292 or rainer.vogel@pmi-media.com