Bizav sees recovery on horizon beset with hills and troughs
Eighteen months ago, the business aviation industry was happily floating in a sea of black ink.

Eighteen months ago, the business aviation industry was happily floating in a sea of black ink. Now, a year-and-a-half later, it’s drowning in red ink. And it’s debatable whether the end of the economic recession is in sight or whether it’s a good idea to hang onto the life preservers just a little longer.

It was a year ago that it became frighteningly apparent that the good-times express was headed over a cliff, and at that point, nobody was quite sure how long the descent would last. In the year since then the industry has seen more than 30,000 jobs disappear, either through layoffs, furloughs or the normal process of attrition.

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