Business jet market will begin to decline for the first time since 2009, Bloomberg said, citing a study manufacturer of control systems for aircraft Honeywell International, USA.
The company estimates that the total cost of ordered until 2025 business jets will be $ 270 billion, which is 3.6% less than expected a year ago.
As the head of the main business and Honeywell Aviation Brian Sill, reflecting a drop in demand and economic problems in the BRIC countries (Brazil, Russia, India, China). In addition, the market is experiencing the impact of the conflict in the Middle East and Africa.
Deliveries of the aircraft, according to Honeywell, will be reduced by 2.6% to 9,200 units. Demand falls on large business jets such as the Gulfstream G550 and Global 6000 production of Bombardier. According to Bloomberg, they had previously been claimed by companies from developing countries for operations in financial centers such as London and New York.
However, to Honeywell do not tend to talk about a significant drop in the market. As noted in the company, the decline of the BRIC countries is offset by strong demand in North America.
Canada's Bombardier in May 2015 announced its intention to reduce the release of large business jets The Global 5000 and Global 6000. The company attributed this decline in demand in China and Russia.
