Frost & Sullivan’s “World Business Jets Market: Investment Analysis” released yesterday says that strong corporate profits and more orders from China, Russia, India and other fast-growing countries are driving continued demand for business jets. The report shows that the top 20 companies in the world business jet market earned $18.03 billion in revenues last year and it estimates this will reach $22.56 billion in 2009. “Previously, the increase in demand for business jets lagged one to two years behind corporate profit increases. At present, both the demand for business jets and the increase in corporate profits rise in tandem,” says Frost & Sullivan senior research analyst Rani Cleetez. Notably, last year marked the first time regions outside North America generated the majority of business jet orders, a significant shift from the past where the U.S. and Canada generated about three-quarters of these sales. While the bizjet market is expected to remain healthy, Frost & Sullivan warned that “constant terrorist threats, limited infrastructure, shortage of cabin-completion capacity and the lack of quality employees pose formidable barriers to continued market expansion.”