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Turboprop Charter Caribbean

Business Jet Industry Strengthens as Economy Stabilizes

Posted by Jackie Vincent on Aug 22, 2011 6:00:00 PM

While the U.S. is currently in debt, there may be a light at the end of this seemingly dismal tunnel. Three years ago, the market plunged during the recession, slowing down the sales and maintenance services in the private business jet industry. Recently, we have seen the Dow Jones industrial average swing tumultuously; specifically, it had four 400-point swings. This is an occurrence which had never happened before. Due to this, the short-term future of private business jet sales may be sluggish. However, when the economy does stabilize, we will most likely see aircraft sales skyrocket.  

The demand for aircraft sales has been festering for several years now. When we see a true recovery, a direct result will be private jet sales hitting their peak. Aircraft manufacturers have been steadily improving within the past three years. It is certain that the planes will be produced for much less money. These are the major factors which will add to the consistent growth of the private jet industry as it becomes more cost efficient.

Topics: Private Aviation, Private Jet, Business Aviation