Another BizJet Growth Forecast...

This time from JP Morgan...via SpeedNews:

******* JPMORGAN PRESENTS BUSINESS JET FORECAST *******

JPMorgan this week said that it expects the current business jet cycle will
expand into 2009.

Because the business jet delivery cycle typically lags that of US corporate
profits by two years and JPMorgan projects that corporate profit growth will
grow at a low-mid single digit rate in 2007, our visibility at this time extends
to 2009, and any downturn in corporate profits could produce a cyclical decline
as we approach the end of the decade.

However, the globalization of demand for business jets, continued security
issues with airline service, the emergence of replacement demand, and the
potential development of an air taxi industry should all contribute to secular
growth above the 5% rate in the global airline business.

JPMorgan forecasts 884 deliveries in 2006, 1,000 deliveries in 2007 (+13%),
1,084 deliveries in 2008 (+8%), and 1,110 in 2009 (+2%), excluding VLJs such as
the Cessna Mustang and Embraer Phenom 100.

For the full forecast that includes VLJs: http://www.speednews.com/a/jpm.pdf