Sales of general aviation (GA) aircraft and related products and services are expected to increase modestly over the next five years, fueled largely by sales of business aircraft, according to the Aerospace Industry Association’s (AIA) 2012 Year-End Review & Forecast. An analysis of the report by officials at the National Business Aviation Association shows that sales of larger business jets will lead the sector and account for as much as 40% of all GA aircraft deliveries over the next 10 years. AIA further predicts that by the end of the decade, roughly 20% of all global business jet deliveries will go to buyers in China, up from about 7% today.
GA growth will help drive aerospace gains in 2013
January 1, 2013 by 1 Comment