Demand for Business Jets in U.S., Europe Rebounding
According to an article that appeared on the Montreal Gazette, demand for business jets in the U.S. and Europe is rebounding at long last.
According to business aircraft analyst Brian Foley, the Gazette said, “North American new business jet deliveries in the first half of 2012 rose 20% over the same period last year. An even bigger surprise is the apparent resurgence of sales in economically-torn Western Europe, which surged 34%.”
The General Aviation Manufacturers Association first-half aircraft delivery data suggest that the optimism is warranted. Worldwide business jet shipments rose 13.1% year-to-date through June with the Q2/12 shipments of 171 compared to Q1/12 shipments of 123.
“We are starting to see positive signs in the 2012 shipment data,” said GAMA president and CEO Pete Bunce. “When coupled with the positive trend in the used market, we may finally be seeing the start of our recovery.”
To read the Montreal Gazette article click here.
To read the GAMA news release click here.
