Corporate Profits Drive Bizjet Market
Frost & Sullivan’s “World Business Jets Market: Investment Analysis” released last month says that strong corporate profits and more orders from China, Russia, India and other fast-growing countries are driving continued demand for business jets. “Previously, the increase in demand for business jets lagged one to two years behind corporate profit increases. At present, both the demand for business jets and the increase in corporate profits rise in tandem,” says Frost & Sullivan senior research analyst Rani Cleetez. Notably, last year marked the first time regions outside North America generated the majority of business jet orders.