Charter & Fractional
European broker predicts pre-owned sales uptick in ’11
Business aircraft trading has started to move more freely, but the fallout from the financial crisis continues to cast a shadow over the market, according

Business aircraft trading has started to move more freely, but the fallout from the financial crisis continues to cast a shadow over the market, according to JetBrokers Europe. The UK-based group says brokers are having to work harder and be more inventive to get deals closed. And buyers are facing much closer scrutiny from lenders.

At a press briefing to mark the opening of its new head office at the London-area Farnborough Airport, managing director Tim Barber acknowledged that overall the market is still “very depressed.” But it doesn’t have to be bad for everyone, he claimed, pointing out that for JetBrokers Inc.–the U.S. group of which JetBrokers Europe is a new affiliate–2009 was its best year in the past 17 years, although this year is proving to be “average.”