Reports: storm brewing in pre-owned market
As if there hasn’t already been enough bad financial news, reports from UBS Investment Research and JPMorgan indicate that pre-owned business jet inventori

As if there hasn’t already been enough bad financial news, reports from UBS Investment Research and JPMorgan indicate that pre-owned business jet inventories continued to increase in August, leading both firms to warn that deliveries of new aircraft could fall as a result.

David Strauss of UBS Investment Research said pre-owned available inventories hit another high in August, 4 percent higher than in July and 34 percent higher than in August last year. He said the increase was driven by the rise in the number of new (less than 10 years old) airplanes on the market, which was 7 percent higher in August than in July and nearly double the previous year’s levels.