Bizav industry hopeful in the face of OEM cutbacks
“Up slightly.” That’s the hopeful phrase often on the lips of those in business aviation these days when describing the health of the industry.

“Up slightly.” That’s the hopeful phrase often on the lips of those in business aviation these days when describing the health of the industry. Up slightly–ever so slightly in some cases–and in too many cases, not at all.

Speaking at the NATA (National Air Transportation Association) Air Charter Summit and FBO Leadership Conference in mid-June, Dassault Falcon president and CEO John Rosanvallon made reference to the swollen inventory of used aircraft, some of which have lost more than half their value. “It may be two years before we absorb that inventory, and this will impact new aircraft sales. The next two years will be difficult,” he concluded.