Engine Maker PWC Laments Tight Financing, Pricing Pressures In Bizjet Market
John Saabas, Pratt & Whitney Canada president, acknowledged that the market for small- and medium-sized business jets remains soft, which is why the engine maker is setting its sights on providing powerplants for larger new models.
John Saabas, Pratt & Whitney Canada president, acknowledged that the market for small- and medium-sized business jets remains soft, which is why the engine maker is setting its sights on providing powerplants for larger new models.

Among the few economic forces behind the rather tepid recovery of the market segment covering small and medium-sized business jets, perhaps the most influential rests with the world’s financiers. While the large business jet segment remains buoyant due to its comparative immunity from the vagaries of liquidity availability, for the rest of the market a lack of attractive financing terms remains a serious problem, according Pratt & Whitney Canada (PWC) president John Saabas. “The risk profile associated with business jets–smaller business jets–has changed, in terms of the interest rate at which people will lend money,” he said. “That hurts the ability to sell.”