ALTEA’s perspective on the business & regional aviation markets.
Read the ALTEA team’s insights covering business and regional aviation with a 2022 retrospective and a look ahead to 2023.
Business Aviation >
Pre-owned business aircraft
Market shift in 2022:
> Global inventory of business jets for sale has been on a constant upward trajectory
Supply and demand for business jets:
> Consensus in the industry that demand will continue to slow down due to a number of underlying factors
> Business jet manufacturer backlogs
Changing market conditions:
> ALTEA predict that more pre-owned business jets will come to market, however demand may lessen as some newcomers to business aviation may cut their travel expenses.
Back to normal or a new normal?
> A shift away from a heavily demand driven market
> Signs that the market is cooling
Completion & Design >
OEMs will lead the way:
> Boeing BBJ Max resolves its challenges.
> ACJ market looks buoyant for 2023-24.
> Gulfstream and Bombardier coping with delivery backlogs, and together with Dassault readying new products for launch.
Supply chain delays:
> There is a backlog of orders and some frailty in the economic forecast due to global challenges.
How to prepare for the upcoming maintenance of an aircraft:
> ALTEA recommend owners start the process as early as 12 months ahead of the aircraft’s maintenance slot.
> ‘Plan properly for peak performance’.
Suppliers rise to the sustainable challenge:
> There is global demand for ‘cleaner’ ingredients to produce materials.
> 2023 has potential for many new sustainable materials to really get a foothold.
Designers, sharpen your pencils:
> ALTEA have been dreaming up future cabin interiors with plush décor and enviable luxury that utilise sustainable products and materials.
Regional Aviation >
The future of sustainable aviation:
> The objective to reach net zero by 2050 has become the greatest challenge that confronts air transport.
> Imposing regulation to restrict air travel is a necessary pathway to net zero.
What insights can ALTEA explain?
> New technology developments for next generation aircrafts.
> The risk of new technology and their respective OEMs.