MicroJet Market Will Be Worth Over $2.5 Billion Over The Next Five Years

Cheltenham, September 15, 2006 - The very light business jet aircraft market will be worth $2.52 billion and will see the delivery of 1,403 aircraft between 2007 and 2011, according to a new study on the very light business jet (VLBJ)- or microjet - market by global aviation consultants PMI Media Ltd.

"There are now six programmes which look set to make it to the market," said the report's author Philip Butterworth-Hayes. "Based on manufacturers' own production figures we see annual delivery rates rising steadily to 2010 and peaking at around 350 units a year."

"However in the first five years of production 85% of the customer base will be located in North America and it is in Florida where we believe the microjet-based air taxi concept will live or die."

The new study, as well as tracking likely production rates, also analyses the regulatory challenge to microjet operations throughout the world and the impact of microjet operations on the small airport community, along with training, insurance and ATM challenges.

"This is a new phenomenon for regulators; the impact of the single-engined Diamond D-Jet will offer European regulators a particular challenge, especially as the regulatory regime is undergoing a major overhaul. It is likely that European regulators will adopt a distinctly conservative approach to the licensing of microjets for both owner/operator and revenue generating services," said Butterworth-Hayes.

For more information on the report, please visit www.pmi-media.com, or contact Tim Mahon on +44 1242 701 249 or This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .

Microjet production rates

Microjet programme key facts

Original Release

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