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Book Synopsis
This book describes and analyses factors shaping the competitiveness of the U.S. business jet industry during 2006, as well as the industry''s structure world-wide. The United States has been the leading player in the industry since its inception in the 1960s. Three of the six global business jet producers are head-quartered in the United States, while the other producers maintain at least one U.S-based production activity. However, competition is strong, frequent cutting-edge updates are necessary, and demand is cyclical. During the recent economic downturn, deliveries dropped 57 percent. This decline largely reflected customers'' lower profits and the scarcity of credit, which especially weighed on potential buyers. U.S. industry officials also indicated that sales and developments of business jets were affected by the availability of financing, continued investment in research and development to maintain innovation capability, and the timely certification of business jets to provide state-of-the-art aircraft to the market.

Business Jet Industry: Structure & Competition

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    A Hardback by Richard J Claudio, Brent Canterbury

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      Book details

      Publisher Nova Science Publishers Inc
      Published 22 January 2013
      ISBN-13 9781622576470
      978-1622576470
      ISBN-10 1622576470

      Description

      Book Synopsis
      This book describes and analyses factors shaping the competitiveness of the U.S. business jet industry during 2006, as well as the industry''s structure world-wide. The United States has been the leading player in the industry since its inception in the 1960s. Three of the six global business jet producers are head-quartered in the United States, while the other producers maintain at least one U.S-based production activity. However, competition is strong, frequent cutting-edge updates are necessary, and demand is cyclical. During the recent economic downturn, deliveries dropped 57 percent. This decline largely reflected customers'' lower profits and the scarcity of credit, which especially weighed on potential buyers. U.S. industry officials also indicated that sales and developments of business jets were affected by the availability of financing, continued investment in research and development to maintain innovation capability, and the timely certification of business jets to provide state-of-the-art aircraft to the market.

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