Sales of small business jets nosedive because of tight financing

04/12/2012 | FlightGlobal.com (U.K.)

Only 109 new small jets were sold globally in 2011, compared with 204 in 2010, data from Ascend show. Sales dropped partly because financing for very light jets and entry-level jets has become more difficult, analysts said. "Few banks out there will touch anything worth less than $10 million, nor anything over 15 to 20 years of age, which covers a large amount of aircraft within the light-jet segment," said Daniel Hall, an aviation analyst.

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FlightGlobal.com (U.K.)