AeroStrategy: BizAv Mx On the Rise

Consulting firm AeroStrategy sees a huge bump in business aircraft maintenance needs by 2012, due mainly to large numbers of deliveries during recent years and growth in sales of business jets outside the U.S. The global business aviation maintenance market currently totals about $7 billion a year. The current annual utilization rate of the business aviation fleet is about 10 million hours. According to the company, more than 5,000 business aircraft have been delivered within the last five years, and the expected maintenance requirements will reach $9.5 billion by 2012.