Fuji Industries, which produces the Subaru automobile, has announced that while it will continue to research the market for the potential for the new Subaru Jet while placing development on hold. Given the current economic conditions in the world today Fuji Industries has decided not to devote any capital resources to the development of this business jet.
Research will continue, however, to determine what kind of business jet the market will need in the future. The specifications and performance numbers for the Subaru Jet have not yet been released, and there will be time for Fuji Industries to canvas the market to determine the demand and type of business jet best suited to meet that demand.
In other news the Business Aviation Outlook survey conducted by Honeywell and released in September predicts strong sales of business jets through 2009 as wealthy individuals and companies continue to avoid airlines and prefer personal transportation, in large part because of the congestion at hub airports and the TSA hassles encountered there.
Looking at what purchasers of business jets are most interested in it is clear that they are attracted to new technologies including improved engines, safety systems, cockpit avionics and cabin information, and cabin improvements. Honeywell predicts that over the next 10 years some 17,000 new business jets will be purchased, many from growing economies outside of the United States. Honeywell also noted that most business jet aircraft owners upgrade their aircraft once every five years on average.
It appears that if the economy can improve in the United States and elsewhere that aviation and the technologies it brings to market will continue to grow in the future, making aviation a career to be considered by young people today.
Until next time keep your wings straight and level Hersch!
The three worst things to hear in the cockpit:
The second officer says, "Oh shit!"
The first officer says, "I have an idea!"
The captain say, "Hey, watch this!"