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Airline growth

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spinproof

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Press ReleaseSource: Teal Group
Teal Group Predicts 36,896 Aircraft Worth $1.012 Trillion Will be Built Between 2005 and 2014
Friday December 9, 6:00 am ET

WASHINGTON, Dec. 9 /PRNewswire/ -- Some 36,896 military and civil aircraft worth $1.012 trillion are expected to be built throughout the world between 2005 and 2014, Teal Group VP-Analysis Richard Aboulafia said today. The military component of this forecasted market is worth $311.5 billion, while the civil sector is valued at $701.4 billion. These numbers are all in 2005 dollars.

"The industry is firing on both cylinders," said Aboulafia. "This first simultaneous civil and military market upturn in decades is giving most primes a strong boost. While some segments are weak, the supplier base has the diverse program exposure necessary to enjoy this growth."

The Teal Group forecast numbers exclude uninhabited aircraft (UAVs), non-turbine aircraft, maintenance, overhaul, upgrades, and research. If all of these are included, the industry would be worth about $3 trillion to the world's economy over the next 10 years, the analysis shows.
Additional Teal Study Findings -- Over half of the new build market -- $570.6 billion -- comprises commercial transports (including regional aircraft). Fighters are second, worth $141.8 billion. --

"Compare these numbers with the last ten years (1995-2004), which saw deliveries of 30,575 aircraft worth $820.5 billion (also in 2005 dollars)," said Aboulafia. "Despite the cyclical ups and downs, this represents 23% growth."

-- Boeing's jetliner product line rejuvenation is leading to growing market success. Boeing's success, coupled with Lockheed Martin's F-35 and broad US defense export market dominance, means great things for the US's share of the industry. US primes are gaining global market share, largely due to their successful embrace of globalization. -- "Europe looks set to retain its market share during our forecast period," said Aboulafia, "although European industrial restructuring has not reached its ultimate conclusion. And if Boeing's lead accelerates, or if the F-35 fulfills its most ambitious expectations, Europe's share could erode." -- Numerous macroeconomic trends are hurting non-traditional producers (those outside the US and Europe). "These 'emerging' producers will actually have a smaller share of the market by the end of our forecast period," concluded Aboulafia, "although thanks to increased outsourcing by the US and European primes, many non-traditional players will still prosper.

"The Teal Group is an aerospace and defense market analysis firm based in Fairfax, Virginia USA.
 
Fits right in with what Kit has been saying there will be growth in the number of pilot jobs, another sign of the coming hiring boom
 
pilotyip said:
Fits right in with what Kit has been saying there will be growth in the number of pilot jobs, another sign of the coming hiring boom

There will be a boom but not in the US.
 
I thought this was a YGTBSM thread!

Airline growth? Isn't that an oxymoron, like kosher ham or military intelligence?
 
Global ASM grew 7.5% this year, that is growth.
 

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