Halfway through the year, the business aviation industry has yet to fully recover, J.P.Morgan analyst Joseph Nadol says. "We continue to see mixed signals regarding new demand halfway through the year, calling into question whether 2012 will see a broad-based delivery upturn or only one at the high end," Nadol writes in the company's Business Jet Monthly. "Demand is healthiest for heavy jets and international customers have been most active. China is a leading driver, and Minsheng's recently announced intention to buy 50 Gulfstreams is only the latest evidence of this."

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