Business jets are "the hottest sector of the aviation industry" and, despite a sluggish US economy marked earlier this year by a number of order cancellations, around 6,900 business jets worth more than $94 billion are expected to be built between now and 2010, according to US-based Teal Group's annual forecast. The Fairfax, Virginia-based consultancy predicts that, over the next decade, Bombardier will lead its rivals with a 25.5% market share, followed by Gulfstream, which this month added the Galaxy Aerospace mid-size aircraft portfolio to its product line, with 25.1%. Dassault, Cessna and Raytheon are projected to garner 18.9%, 17.2% and 11.5% market share, respectively, over the coming decade.
Source: Flight International