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BIZAV INTELLIGENCE T MARKET INDICATORS
'Trump Effect’ To Boost Jet Markets? New research from Corporate Jet Investor (CJI) reveals that nine out of 10 industry professionals expect the market to grow this year, and this will be partly fueled by the ‘Trump’ effect... In terms of sales of business aircraft, CJI’s research reveals overwhelmingly that Mid- to Heavy private jets will be the ‘best sellers’ in 2017. A survey of 232 senior Business Aviation executives reveals: •
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33% of respondents believe the election of Donald Trump will have a ‘very positive’ impact on Business Aviation because he is closely aligned with the business benefits of using private jets; 47% think he will have a ‘slightly positive’ impact; 3% believe it will be negative because critics will use his private jets usage against him.
In terms of why the Business Aviation market will grow this year: • • •
36% of industry executives believe it will be fueled by global economic growth; 32% say new innovation and technology will make it easier to charter aircraft; 27% believe it’s partly because of a growing acceptance of corporations using Business Aviation;
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25% think it’s because of new membership programs building a bigger base of clients.
When it comes to which regions are the most attractive for the private jet sector: • • •
58% of survey respondents said North America; 36% said Asia-Pacific; 20% believe Europe.
“Donald Trump is the first President of the US to own business jets before becoming elected,” noted Alasdair Whyte, Editor, CJI. “He may split opinions, but our research shows the majority of people in the industry think this will have a positive impact on market growth and there have been increased enquiries from aircraft buyers since the election, particularly for pre-owned aircraft. “Despite the high level of uncertainty in the world regarding both politics and economics, their findings also reveal that the sector is optimistic about growth this year. “There are a lot of exciting developments going on to make Business Aviation more affordable and more accessible,” Whyte summarized.
MI www.corporatejetinvestor.com
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AVBUYER MAGAZINE – March 2017
www.AVBUYER.com
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