Aviation analyst and consultant Rolland Vincent has scaled back his 10-year business jet delivery forecast based on current conditions. Vincent predicts business jet deliveries from 2016 through 2025 of 8,378 jets valued at $240 billion.
After “tough sledding” in the business jet market in January and February, March and April have shown recovery, Textron’s top executive said during a conference call about first-quarter earnings.
The U.S. Senate on April 19 passed the amended and long-awaited version of the FAA reauthorization bill, drawing applause from the general and business aviation communities.