Consultant: Worst Is Behind Bizav Industry

Aviation International News » June 2009
June 2, 2009, 6:28 AM

According to Brian Foley, president of business aviation investor consultancy Brian Foley Associates, “The worst of the cataclysmic economic events are behind us, but the perturbations will continue rippling through the [business aviation] industry for a while.” He said that nearly every market driver of business aviation growth was negatively affected during the steep downturn, including worldwide GDP rates, corporate profits, stock market indices, personal wealth portfolios and credit availability. “While still not great, these catalysts shouldn’t worsen and most are forecast to improve somewhat throughout the year,” he noted. “As we had previously predicted, the used business jet inventory is now topping out and we believe that there’ll be an accompanying increase in business jet utilization across the board very soon.”

Tags: 

FILED UNDER: 
Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.

 
X