The business aviation downturn will last at least another year or two but there is still plenty of room for good deal-making, according to financial advisors First Equity. Director of investment banking Brett Pogany told NBAA Convention News that new aircraft sales are being stifled by “negative factors” such as supply pressure from a strong pre-owned market. He said that this has led manufacturers here at the Orlando show this week to focus on repackaging their existing products to “freshen up” their appeal in the marketplace, rather than investing in new models.
Commenting on the latest market forecasts from Honeywell, Rolls-Royce and the Teal Group, First Equity associate Matthew Mejia said that the medium- to long-term optimism for a recovery in demand is essentially a hedge against real uncertainty over where the U.S. and global economy is going. “There really is a great deal of uncertainty out there among our clients,” he said.
