Aboulafia: Business Aviation Market Is Recovering

“The business aviation market is just starting to recover,” Teal Group vice president for aerospace analysis Richard Aboulafia said this morning during an aerospace and defense outlook teleconference hosted by Desjardins Capital Markets. “Companies are making record profits and are literally stuffing about 7 percent of this cash under their mattresses,” meaning many have available capital that could be readily deployed to purchase business jets. He is also encouraged by the declining inventories of pre-owned business aircraft.