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Business jet boom

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Rolls-Royce is predicting continued growth in business jet deliveries through the remainder of the decade and forecasts an engine market worth $61 billion over the next 20 years.

is predicting continued growth in business jet deliveries through the remainder of the decade and forecasts an engine market worth $61 billion over the next 20 years, with medium to long-range jets dominating in terms of aircraft and engine value. The forecast was released yesterday at a press conference at the

in Orlando, Florida.

Additionally, the forecast identified the emerging markets of China, India and Russia as growth regions for the industry, indicating that these markets will play a relatively larger role through the forecast period.

Alan Stiley, Rolls-Royce Vice President for Marketing, Corporate and Regional Aircraft said: "The growth trend for business jet deliveries now exceeds the pace of narrow body commercial airliner deliveries. The largest segment in terms of engine value will remain the medium, long-range and ultra long-range aircraft, where Rolls-Royce is well positioned with its BR710 and Tay engines. In fact the market share by aircraft value for these aircraft will remain near 70 percent."

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