Business aviation faces long recovery, analysts predict

07/6/2009 | Guardian (London), The

Tight credit, bad PR and a glut of used aircraft could continue to hurt business aviation for years to come, according to some experts. "We don't see the number of deliveries even hitting 2008's level in the next 10 years," says aviation consultant Brian Foley. After five straight years of sales increases, the General Aviation Manufacturers Association says deliveries of business jets dropped by more than a third in the first quarter of this year. An aerospace analyst at AlixPartners says "business jet makers are in real danger of having more cancellations," especially among small businesses and individual buyers.

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Guardian (London), The

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