Magazine Ultimate Jet #74

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The epidemic of Covid 19 has and will have an irremediable impact on a good number of aeronautics industrialists. In six months, the sector as a whole has lost all the jobs created between 2009 and 2019 according to the International Air Transport Association -IATA. A tragedy that is undermining this economic vector that supports 56 million people around the world. Business aviation is obviously not spared. And the hypothesis that a drop in commercial travel would have led to an increase in business aircraft purchases has not yet been proven. According to Honeywell, which has published its market forecasts for the next ten years, most operators indicate that they have frozen their purchasing plans and plan to keep their current aircraft longer. Renewal of the global business jet fleet is therefore expected to stagnate and the impact for airframers, who are already feeling Resilience the effects of the year 2020 as a blank year, could be particularly violent and some programs put on hold while waiting for better days. However, the resilience of this industry is an advantage that should enable it to recover much faster than other sectors. According to the study, «Business jet usage is expected to rebound to 80% to 85% of 2019 levels in the 4th quarter of 2020 and fully rebound by the middle of 2021 ». Despite a decline in fleet renewal in the medium term, Honeywell is reassured by the industry’s forecast of an average annual growth rate in deliveries of 4% to 5% until 2030, in line with the expected global economic recovery. This is a glimmer of hope for an industry and operators that for the most part do not receive any state aid, but which benefit from exceptional advantages Ultimate Jet I 1