J.P. Morgan’s Latest Bizav Report Cautiously Optimistic

 - September 23, 2014, 2:30 PM

J.P. Morgan’s September report on business aviation reveals “encouraging” but cautious data and analysis of the industry. While noting that U.S. business aircraft operations were up about 4 percent in August, and the used aircraft inventory “declined modestly,” its analysts still would prefer to see sustained improvement before rallying behind news of a recovery.

The investment house noted that Bombardier’s restructuring and delays in the development of the Learjet 85 could be viewed as positive, indicating that the company has chosen to focus its development resources on the CSeries airliner and the Global 7000/8000 at the expense of the less attractive lighter jet market associated with the Learjet.