Dassault says jet market is set to take off
With increasing number of billionaires and fast-growing economies in Southeast Asia, the business jets category has begun to see an increase in interest for the first time since the 2008 global meltdown.
“Last year, we sold 38 Falcons worldwide as against 21 Falcons sold in 2016. It shows that the market is recovering, for the first time after 2008 global economic crisis when the global market for business jets was severely hit, particularly in the US, which is the reference market,” Feldzer told ET.
He said the Northern Europe and Southeast Asian markets were evolving as stronger economies and that Dassault Aviation had in the recent past sold Falcon business jets in Philippines, Malaysia, Singapore and Thailand. The US market had also started picking up after a few bad years, he said.
“Southeast Asia has become one of the most active and attractive markets for us and we are accordingly investing heavily in this market. The Indian market, which was very slow for the last three years, has seen activity in the last couple of months, where we sold four pre-owned Falcons, which is a good tangible sign for recovery in new aircraft sales,” he said.
On the sidelines of Wings India, the civil aviation exhibition last week, Dassault Aviation held talks with a few highend customers who showed interest in buying Falcon 8X ultra long-range business jet, the Falcon director said. These customers were from Hyderabad, Delhi and a few others cities of India, he said.
With a fleet 26 Falcon aircraft in India, and more than a third of market share in high-end jets, Dassault Aviation hopes to at least double the fleet size over the next decade given the growth in the economy as well as emerging billionaires.
Feldzer said majority of new Indian Falcon orders were for longer range models such as Falcon 8X and the very longrange Falcon 7X, owing to unmatched ability to fly out of short hard-to-reach airstrips with full range performance, even at high altitudes and extreme temperature conditions, which makes them more agile and flexible.