As demand for long-range jets grows and buyers prioritize fuel efficiency, the world’s biggest business jet makers gather at the annual corporate aircraft show in Las Vegas to showcase their offerings
LAS VEGAS - New large corporate planes that can fly farther and an industry push toward sustainable aviation fuels are seen as bright spots as the world’s biggest business jet makers assemble in Las Vegas to showcase their offerings at the sector’s largest gathering.
Nevertheless, the jet makers have had a good year, with deliveries up almost 13% during the first half of 2019, according to data from the General Aviation Manufacturers Association . Deliveries are being fueled by luxurious new longer-range models hitting the market that offer amenities such as beds and hot showers at 40,000 feet, analysts say.
Buyers eager to make non-stop trips between far-flung cities like New York and Tokyo are looking for long-range jets. In an industry where sales are usually aligned with economic stability and growth, analysts remain cautious given political uncertainty in Europe with Brexit, and in the United States where President Donald Trump faces an impeachment probe.
Foley expects new sales to remain roughly flat next year, but sees softer demand in 2021 which will lead to planemakers delivering fewer planes a year later in 2022.
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