Demand for new-production business jets “showed signs of perking up” in the second quarter, JPMorgan North American Equity Research noted in its monthly business jet market update. However, the firm said that the gap between the “healthier high end and the still sluggish lower end remained in place.” JPMorgan believes the sustainability of the business jet market recovery will depend in large part on macro developments, which have shown much volatility last month. “If another recession begins, the good news for bizjets is that a recovery never took hold in earnest, so the main risk is that it is simply pushed out further,” said JPMorgan.
JPMorgan: Bizjet Market ‘Perking Up’
- August 22, 2011, 12:41 PM