Aero engine maker Rolls-Royce yesterday (20 May) predicted continued growth in business jet deliveries through the remainder of the decade and forecasts an engine market worth $110 billion over the next 20 years, with medium and large business jets dominating in terms of aircraft and engine value.
Rolls-Royce forecasts that 79,000 engines are needed 2028 to meet a demand for 39,000 new business jet aircraft; from very light jets through business jetliners. Demand is being augmented by an increase in deliveries to non-USA markets coupled with the introduction of new models, which will add a further stimulus to the market, it said.
Of the 39,000 new business aircraft, 40 per cent are expected to be in the medium or large business jet category (75 per cent by value). The forecast predicts that nearly 16,000 medium and large business jets will be delivered between 2008 and 2027.
Rolls-Royce said it was working hard to improve the environmental impact of its products and had the youngest, most fuel-efficient engine fleet of all the engine manufacturers.
It is currently developing the BR725 engine which will power the Gulfstream G650 - a new sector defining aircraft featuring a large cabin, long-range and high-speed.
Rolls-Royce says the engine will set the standard in environmental performance for the corporate market, reflecting the company’s focus on reducing noise and emissions through its investment in technology.
Alan Stiley, Rolls-Royce Vice President for Marketing, Corporate and Regional Engines said: “The market continues to grow at a robust rate; it has also become more diverse in terms of geographic distribution and breadth of aircraft capability available. In response, Rolls-Royce will continue to invest in new products and services in order to maintain its leading position with business aircraft operators and manufacturers.”