Analyst Jefferies is predicting business jet deliveries to grow 8 percent overall this year with a 30 percent leap in heavy jet deliveries, thanks in part to products such as Gulfstream’s G500 and G600 and Bombardier’s Global 7500 reaching the market. Business jet deliveries in the second quarter improved 6 percent year-over-year overall and heavy jet shipments are up more than 20 percent on the quarter.
Gulfstream and Embraer were drivers in the second quarter increase, each up five units. Gulfstream delivered its first G500 in the third quarter of 2018 and five in the most recent quarter. Embraer also marked the most recent quarter with its first delivery of a Praetor 600. But the Brazilian manufacturer also enjoyed a boost in Phenom deliveries.
After a 22 percent first-quarter jump, Cessna saw weaker business jet shipments on declines in the Citation M2 and Sovereign. But Jefferies believes its volumes will improve with the anticipated upcoming service entry of the Citation Longitude.
While midsize jets have made gains over the past few years, shipments of those models have stumbled this year, down 7 percent through the first half of the year.