Citi on Tax Law: No Immediate Bump for New Bizjet Sales
"We think 2019 is the earliest we’d see a material benefit for OEM production rates,” said Citigroup Equities Research aerospace analyst Jonathan Raviv.
Sales of new business jets, such as this Cessna Citation M2, aren't likely to see an increase this year from the recently passed U.S. tax law, according to Citi Research U.S. aerospace and defense senior equity analyst Jonathan Raviv. He believes the tax benefits will help clear out preowned business jet inventory this year, which could then lead to a resurgence in new aircraft sales in 2019. (Photo: Textron Aviation)
