Bizjet Flight Activity Continues To Decline

 - January 28, 2009, 7:06 AM

UBS Investment Research’s January 6 business jet update indicates that flight activity, measured by takeoffs and landings, was 10 percent lower in November on
a rolling 12-month basis and down 11 percent year-to-date. According to UBS, the decline has been led by reduced charter activity, which dipped 15 percent, while all other business jet activity fell 9 percent. In addition, the pre-owned bizjet inventory now stands at 16 percent of the in-service fleet, climbing 2 percent in December and 65 percent above prior-year levels.