Good Times Are Coming, Says Founder of The Jet Business

Steve Varsano, founder of London-based business jet sales brokerage The Jet Business, is optimistic about the industry these days. Keeping things in perspective, he said that there are now 35 percent more business jets in the fleet since the recession took hold in 2007. “That’s 5,000 more jets flying today than just six years ago, which is pretty good when you think about it,” he pointed out.

Over the past two months Varsano has seen an uptick in pre-owned business jet sales activity at his firm, “with lots of clients making offers.” And with two weeks until the close of the first half of the year, he said The Jet Business has already met its revenue projections for all of 2013. Because of this, he is nearly doubling his revenue goal for the entire year.