Title:
Forecasting the Global Supersonic Business Aviation Flight Movements Up to 2050
Forecasting the Global Supersonic Business Aviation Flight Movements Up to 2050
Author(s)
Wen, Jiajie (Terry)
Zaidi, Turab A.
Mavris, Dimitri N.
Zaidi, Turab A.
Mavris, Dimitri N.
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Abstract
Business aviation is typically the primary travel mode chosen by ultra-high-net-worth (UHNW) individuals and top executives. Business aviation passengers prefer the exclusivity associated with business jets, and are typically constrained by time and not cost when traveling. Numerous studies have found that business jets are worthwhile investments for corporations to increase connectivity and boost productivity. With the resurgence of efforts to bring back supersonic civil transport in the past decade, the supersonic business jet (SSBJ) poses to create significant value as a means of transport for these time-constrained travelers. However, the demand forecast for supersonic business aviation is not well-addressed in the publicly available literature. To better understand the potential size of the supersonic business aviation market and the extent of the future supersonic business flight network, this study utilizes a unique methodology that combines top-down and bottom-up approaches to forecast global supersonic business flight movements up to 2050.
Sponsor
This project has received funding from the Clean Sky 2 (CS2) Joint Undertaking (JU) under grant agreement No.864521. The JU receives support from the European Union’s Horizon 2020 research and innovation programme and the Clean Sky 2 JU.
Date Issued
2021-01
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Paper