The Asia Pacific region, where many of the industry's major players have high expectations for long-term future growth, reports 34 percent of its operators as interested in new purchases. This is lower than the 45 percent reported last year but remains above the world average and results in an aggregate share of world five-year projected demand of about 7 percent, off two points from 2011 levels.Fleets in this region have been growing at double-digit rates throughout the past five years. This year more than a third of respondents planning to buy will do so within the first year, which improves chances of actual order placement and continued above-average near-term growth. When comparing purchase timing in Asia Pacific between the past two surveys, it is evident that this front-loaded profile was already in the making, with the timing of the bulk of acquisitions having simply shifted a year. The overall decline in purchase plans can therefore be partially attributed to a pause in backfill, probably influenced by a moderation of past exuberance and an economic tempering affecting the region's major economies.
Honeywell Global Business Aviation Forecast Sees Three To Four Percent Average Annual Industry Growth In Next Decade
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