Voorbeeld: Document

the forecast Bombardier Business Aircraft | Market Forecast 2011-2030 33 According to Forbes, the number of billionaires in India grew to 56 during 2010, from 49 a year earlier. India’s business aviation sector has not lived up to its full potential due to lack of aviation infrastructure, stringent government regula- tions, high import taxes and duties, long pro- cedures for aircraft imports. There are signs of improvement, as the Airports Authority of India announced plans to modernize many airports, and bring 32 existing unused air- ports into operation over the next 10 years. As the current installed base of business jets in India is small and relatively young at 9.5 years old at the end of 2010, retirements will not be a major factor in this market. As the forecast business jet penetration curve shows, fleet per 100 million population is expected to grow from 12 to 120 over the next 20 years. Business jet sales should progressively accelerate in the country due to economic growth and wealth creation. India is forecast to take delivery of 1,330 business jets in the period from 2011 to 2030, with 385 aircraft between 2011 and 2020 and 945 aircraft between 2021 and 2030. The 2010 fleet of 110 business jets will grow to 1,400 aircraft in 2030, resulting in a CAGR of approximately 14%. India (continued) Fleet Evolution Forecast - India Fleet, Deliveries, Retirements; 2010-2030 Sources: Ascend, Bombardier forecast. Excludes Very Light Jet and Large Corporate Airline categories. 110 10 30 1,400 485 945 385 Fleet 2010 Deliveries Retirements Fleet 2020 Deliveries Retirements Fleet 2030