Business Jets - COVID-19 - Sector Impact Analysis
The Business Jet market will suffer from the COVID-19 crisis due to the lockdowns occurring in a number of geographies, the imposition of quarantines, the economic collapse resulting from the COVID-19 crisis, as well as the cash flow issues impacting buyers, lessors, financial institutions, and manufacturers.
The industry is expected to suffer from the crisis but is also expected to recover faster and to receive a bump in the v shaped recovery of the market. High capital investment will restrain how steep this recovery will be, but it will outperform the L shaped recovery in commercial aerospace for commercial aviation (airlines). The market is expected to receive a boost from Business Jets in many areas being the only way to guarantee travel, as well as providing inherent isolation from others whilst permitting necessary travel.
An important area allowing for exposure limitation is in the special mission aircraft sector, as this sector straddles business jets and the resilient defense sector. Programmes such as the Air King series for US customs, the Saab 340 AEW&C (Erieye) offerings are examples of such programmes. ELINT mission conversions will also offer important and resilient opportunities in this area.
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