Private-jet market comes back to life as prices stabilize

04/8/2010 | BJTOnline.com

The market for private jets is showing signs of life as buyers come back to the market and prices begin to stabilize after last year's drop. UBS Investment Research's Business Jet Market Index increased to 50 in March, indicating a return to stability and reflecting growing interest in private aviation. "Prices for used aircraft available for sale have reached a plateau after their free fall last year, clearly signaling that this market is headed in the right direction," said Michael Amalfitano, managing director of corporate-aircraft finance at Bank of America.

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