FLEET REPORT According to Honeywell, in the Middle East and Africa, slightly lowered purchase plans were reported in the region overall, which is not surprising given another year of significant political upheaval and ongoing conflict in tandem with low oil prices. The share of projected five-year global demand attributed to the Middle East and Africa remained below its historical range of 4-7% again this year. Regional distress is also weighing in on operators, with potential buyers in the region scheduling their purchases
AIRCRAFT DELIVERIES
REGIONAL SPOTLIGHT
REGIONAL DEMAND
later in the next five-year window compared with last year, with only 21% of purchases planned before 2018. In the Middle East and Africa, 16% of respondents said they will replace or add to their fleet with a new jet purchase, down from 18% last year.
INDUSTRY INSIGHT
PREDICTION
Reflecting weaker demand, Honeywell projects slightly lower deliveries for 2016.
38 - BART: MARCH - APRIL 2016
SURVEY HIGHLIGHTS
Meanwhile, Bombardier Business Aircraft has terminated sales and distribution agreements with its exclusive representative in 21 countries in the Middle East and North Africa, and restructured some customer commercial agreements that resulted in the cancellation of business jet orders totaling nearly $2 billion. The Montrealbased company’s Business Aircraft President David Coleal said in a news release that the termination of the TAG agreements, in addition to other company initiatives, “will increase our long-term profitability.”