Bombardier And The Decline Of The Aircraft Industry

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According to the article in Bloomberg by journalist Thomas Black, states that the demand for private jets is in the decline causing deep discounts for new aircraft and fueling a 3-year slide in prices of used planes. In August pre-owned jets were down 16% in preowned prices in comparison to the previous year. As they may rely on the demand to increase based on new companies buying aircrafts, it may not be possible as Honeywell Internationals survey reported this has been this has been the lowest point in seventeen years. Companies like Bombardier are offering discounts up to 7 million on a Challenger 350 which goes for about 26 million to help eliminate competitors entering the market. The area of deliveries for aircrafts is forecasted to
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