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24,000 business jets to be sold in next 20 years

Bombardier predicts value of these planes will be US $626 billion.
Bombardier received 107 net orders for business jets last year.
Bombardier received 107 net orders for business jets last year.

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Bombardier, a maker of business and smaller commercial aircraft, has predicted that around 24,000 business jets will be sold worldwide over the next twenty years.

The value of the planes sold will be around US $626 billion.

Its prediction covers the light, medium and large business jet segments, which covers planes in the US $8 million to US $60 million price range.

Very light jets and larger corporate planes such as the Airbus ACJs and Boeing BBJs are not covered by the forecast.

“We are confident in our future, and as the market continues to recover, we are building on our strong commitment to innovation and reinforcing our leadership position in commercial and business aviation.” said Guy C. Hachey, president and chief operating officer, Bombardier Aerospace.

Bombardier is currently developing the Learjet 85, a new competitor in the light segment due for launch in 2013.

Bombardier registered 107 net orders for business jets in financial year 2011.

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