Following unprecedented growth in the last five years, business aviation is now facing harsh market conditions with aftermarket suppliers holding back investment until recovery. Maintenance, ground handlers and VIP services suppliers are affected by this, though they are all still looking at potential opportunities in the Middle East and Asia where demand is under-served and expected to grow fast once confidence returns.
“2009 is expected to be a challenging year for business aviation stakeholders worldwide, as credit markets tighten and operators cancel or postpone aircraft deliveries. Nonetheless, opportunities still exist, particularly in growth regions such as Middle East and Asia, where demand has historically been underserved. Investment in infrastructure and aftermarket services will intensify once confidence returns to the market and the global economy recovers,” observes Frost & Sullivan’s Aviation Senior Consultant Diogenis Papiomytis.
Papiomytis will discuss the business aviation market in detail during a web conference May 20. Papiomytis will provide an analysis of aircraft deliveries, MRO and FBO trends with a focus on growth geographic markets such as the Middle East.
To participate in the briefing, email Chiara Carella at [email protected] with the following information: your full name, company name, title, telephone number, e-mail, address, city, state and country. Upon receipt of the above information, a registration link will be e-mailed to you. You may also register to receive a recorded version of the briefing.
For more information: Frost.com.
