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
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.
Microjet production rates
| | 2007 | 2008 | 2009 | 2010 | 2011 |
|---|
| Totals | 155 | 231 | 321 | 346 | 350 |
Microjet programme key facts
| Aircraft type | First flight | Entry into service | Confirmed orders | Unit price |
|---|
| Adam Aircraft A700 | Jul 2003 | 2007 | 85+ | $2.1 million |
| Cessna Mustang | Apr 2005 | Q4 2006 | 200+ | $2.3 million |
| Embraer Phenom 100 | Feb 2007 | 2008 | 50 (+ 50 options) | $2.75 million |
| Diamond D-Jet | Apr 2006 | 2008 | 70+d> | < $1 million |
| Eclipse 500 | Dec 2004 | 2006 | 2350 | $1.17 million |
| HondaJet | Dec 2003 | 2010 | Unknown | $2.75 million |
About PMI Media International:
PMI Media Ltd is a global publishing company with offices in the UK, Germany and North America. The company specialises in supporting aviation and industry trade associations in their media strategies - developing magazines, newsletters, yearbooks, multi-media and audio-visual products. PMI's mission is to enhance the effectiveness of its clients by developing a unique collection of industry publications and intelligence services which will transform the capabilities of the client, in a cost-effective and proactive way. PMI was selected in 2004 as the media partner for the Civil Air Navigation Services Organisation (CANSO) to produce the 2005 and 2006 CANSO yearbooks.
