The market for business jets–both new and used–has taken on a decidedly more global complexion in the past three years in the estimation of Jay and Josh Mesinger, CEO and vice president, respectively, of Boulder, Colorado-based J.Mesinger Corporate Jet Sales. “It used to be when the U.S. sneezed the rest of the world caught a cold,” said Jay Mesinger. “That’s not so much the case anymore, and we think that’s a good thing.”
In business for 34 years, Mesinger has seen a sharp rise in business in places such as Russia, the Far East, India and the Middle East. In the past year alone, Dassault, for example, has seen its share of business outside the U.S. rise from 60 percent to 75 percent, reflecting the much broader distribution of wealth around the world. More and more billionaires from Russia, for one, have driven the demand for new business jets to record levels, to the point where backlogs now extend out, not unusually, to five or six years and, in the case of the Boeing Business Jet, a full decade.
