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Business Jet Industry - Structure & Competition (Hardcover)
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Business Jet Industry - Structure & Competition (Hardcover)
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This book describes and analyses factors shaping the
competitiveness of the U.S. business jet industry during 2006, as
well as the industry's structure world-wide. The United States has
been the leading player in the industry since its inception in the
1960s. Three of the six global business jet producers are
head-quartered in the United States, while the other producers
maintain at least one U.S-based production activity. However,
competition is strong, frequent cutting-edge updates are necessary,
and demand is cyclical. During the recent economic downturn,
deliveries dropped 57 percent. This decline largely reflected
customers' lower profits and the scarcity of credit, which
especially weighed on potential buyers. U.S. industry officials
also indicated that sales and developments of business jets were
affected by the availability of financing, continued investment in
research and development to maintain innovation capability, and the
timely certification of business jets to provide state-of-the-art
aircraft to the market.
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