Business-jet market could rebound this year

02/23/2010 | New York Times (tiered subscription model), The

Although some corporations are still wary of using business jets because of public sentiment, the business-jet market could rebound in 2010. Fred Reid, president of fractional-ownership company Flexjet, said the market last year saw "a very distinct, small, consistent upturn in demand." In 2009, billing for all general aviation aircraft dropped 21.4% to $19.5 billion.

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New York Times (tiered subscription model), The