Biz Jets: Technology and Market Structure in the Corporate Jet Aircraft Industry (Economics of Science, Technology and Innovation, 1)

A. Paul Phillips,Thomas R. Phillips,Almarin Phillips

ISBN 10: 0792326601 / ISBN 13: 9780792326601

Published by Springer, 1994

About this Item

Open Books is a nonprofit social venture that provides literacy experiences for thousands of readers each year through inspiring programs and creative capitalization of books.

Seller Inventory # mon0000632937

Bibliographic Details

• Title: Biz Jets: Technology and Market Structure in the Corporate Jet Aircraft Industry (Economics of Science, Technology and Innovation, 1)
• Publisher: Springer
• Publication Date: 1994
• Language: English
• ISBN 10: 0792326601
• ISBN 13: 9780792326601
• Binding: Hardcover
• Condition: Very Good

About this title

Synopsis

Biz Jets: Technology and Market Structure in the Corporate Jet Aircraft Industry traces the development of business jet aircraft from the mid-1950s through early 1993. It begins with a discussion of the technological and market opportunities existing in the period prior to the introduction of the Lockheed JetStar and the North American Sabreliner. The subsequent appearances of other biz jets -- the Learjets, HS-125s, Jet Commanders, Falcons, Gulfstreams, Citations, Challengers, Mitsubishis and derivative aircraft are treated in considerable detail. Biz Jets also covers 'planes involved in many unsuccessful attempts to enter the industry from 1955 through 1993.
The study shows that while the industry has been quite concentrated throughout its history, the positions of the leading firms have always been contestable. Indeed, leaders at one point in time have often been displaced by others who succeeded in marshalling technological and market opportunities to their advantage. Manufacturers have had to undertake continuous efforts to improve the price-performance characteristics of their aircraft to gain and hold their market shares.
Rivalries in the effective use of the stream of new technologies have brought forth new aircraft with both better performance and lower operating costs. At the same time, however, participation in the market has been extremely risky. Only a few companies have been able to earn profits. Entries, exits and mergers have altered the structure of the industry, but it remained decidedly unstable at least through 1992.