J.P. Morgan analysts see market dip in 2010
The business jet market is headed for a 15-percent downturn following a peak in deliveries in 2010, according to J.P.

The business jet market is headed for a 15-percent downturn following a peak in deliveries in 2010, according to J.P. Morgan industry analysts. However, the downturn will be shallower than the previous slowdown in 2001 and 2002, which resulted in a 31-percent decline.

The effect of the financial crisis will be buffered by the industry backlog, one of the main reasons the downturn won’t be as severe as the earlier decline, according to Joseph Nadol, head of the J.P. Morgan Aerospace and Defense equity research group. “This industry has a massive backlog,” he said. “We’re going into this recession in a much better position than before.”

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