Analyst Predicts Earlier Market Recovery

 - December 29, 2008, 7:34 AM

Sparta, N.J.-based business aviation consultancy Brian Foley Associates last month said it believes the business jet market will recover sooner than previous estimates, despite “being nowhere near the bottom” of the current market cycle. The typical business jet cycle lasts for six years, but it’s “conceivable” that the recent worldwide financial shocks will also expedite the market trough and compress this cycle to fewer than six years, Foley said. In other market news, J.P. Morgan has reassessed the effect of the acquisition of Jet Aviation by General Dynamics. The report said, “We are now looking for sales [at Jet Aviation] of $1.4 billion in 2009. In 2010, we now foresee a 5-percent decline versus a 5-percent increase previously.”