
Owner, Aviation IQ
Member of the Transportation Council
Mike is the Owner of Aviation IQ, a consulting firm that advises consumers and investors in the business aviation market. Mr. Riegel has over 27 years of experience in senior business aviation marketing, strategic planning, manufacturing & service and support roles. For the last seven years, he has consulted in three areas. Mr. Riegel advises 100's of fractional, card, charter and whole business jet users regarding their use of business jets. His second business helps investment professionals interpret business aviation, including new aircraft development programs, detailed market, market forecasting, investment opportunity and competitive analysis, market and competitive trends and detailed feedback regarding key industry companies. Mr. Riegel has also advised many manufacturers & their investors, regarding new aircraft development programs. He has led the development of the highly-acclaimed Bombardier Challenger 300, a program that re-defined research-driven business jet development. (This is me - Update Profile)
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
Recovery In Business Jet Demand - A Few Simple Truths
October 29, 2009
Business-Jet Demand Likely to Skid Before Regaining Lift | online.wsj.com
1) A brief historical review will show any casual observer that new jet deliveries lag wider economic recovery by some 12 months. 2) Demand heading into the current downturn was already dominated by international demand. 3) What most forecasts fail to highlight is who the winners will be as the business jet market recovers. Unlike prior cycles, some demand sources will be late to the party, and demand will not be evenly distributed across all OEMs and service providers.
Business Jet Recovery - The Road Ahead
October 28, 2009
Textron Barely Posts a Profit | online.wsj.com
The business jet cycle has certainly hit rock bottom, but will not show clear signs of recovery for at least six months. This recovery will be unique, in that there is significantly more competition, in virtually all major business aviation segments. As a result, understanding who will recover more quickly, and more sustainably, will require much more detailed analysis than before.
Business aviation market recovery will be unlike any prior cycle
March 27, 2009
business-jet market faces recession-based challenges | online.wsj.com
1) The current downturn was already evident in late 2007. Between rising used aircraft inventories, and tightness in the aircraft financing market, a significant downturn was inevitable. The major OEM's maintained record production rates, with scant regard for an imminent slowdown, much as they did in 2001/2002. 2) These same OEM's have also under-analyzed their backlog, boasting numbers they claimed would make them all-but invulnerable to any downturn. Backlog has meant less in recent years as speculators and international concept buyers, all of whom carry risk for OEM's, have come to represent an ever higher proportion of backlog. 3) Looking forward, we are set for a competitive battle unlike any we have seen previously. Segments are now crowded. More international OEM's are emerging, and demand will drift away from legacy OEM's, like Cessna, Hawker Beechcraft and Gulfstream.
| Study Group Name | No. Members |
|---|---|
| Experts in the Leisure & Lodging Council | 4887 |
| Experts in the Automotive Council | 3422 |
| Airline and Aerospace Industry Experts: GLG Leaders and Scholars | 610 |
| Medical Geneticists (US) | 85 |
| Airline Consultants: GLG Leaders and Scholars (US) | 24 |
Mike Riegel has not participated in any GLG Live Meetings.