9/17/2009

The inventory of used business jets on the market dropped 2% in August, according to a UBS report. Pricing for the used business jet fleet in the U.S. also dropped 2% to 3% in August, and 17% of the business jet fleet is for sale. "We think record high used available inventories will continue to overhang orders, pressure existing backlogs and could force further production cuts," said UBS analyst David Strauss.

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