Bombardier cuts commercial aircraft forecast by 2.3%

Bombardier Aerospace released (19-Jun-2012) its annual 20-year forecasts for the business and commercial aircraft markets. In the business jet market, the manufacturer expects 24,000 business jet deliveries globally between 2012 and 2031, valued at USD648 billion. In the commercial aircraft market, Bombardier forecasts 12,800 deliveries in the 20- to 149-seat market, worth more than USD630 billion. Bombardier stated both the business and commercial aircraft markets continue to recover from the industry downturn, although indicators are mixed, yet trending positively. New aircraft orders are supported by continued demand from developed markets and growth potential in emerging markets, which are expected to play an increasingly important role in the global aviation marketplace. Operators industry-wide remain focused on fleet optimisation and aircraft efficiency as fuel prices and environmental concerns rise.

Commercial aircraft market forecast highlights:

• Forecast cut from 13,100 to 12,800 (-2.3%), mainly due to a lower GDP forecast and a sharp increase in the forecast oil price;
• Deliveries by segment:
  • 20 to 59 seats: 300 aircraft deliveries;
  • 60 to 99 seats: 5600 aircraft deliveries, valued at USD180 billion (reduction of 200 aircraft);
  • 100 to 149 seats: 6900 aircraft deliveries, valued at USD449 billion (reduction of 100 aircraft);
• Deliveries by region:
  • North America: 4730 new aircraft;
  • China: 2220 aircraft;
  • Europe, Russia and the CIS: 2240 aircraft. [more - original PR]