J.P. Morgan ‘Encouraged’ by Bizjet Market Trends

J.P. Morgan North American Equity Research’s latest business jet monthly update, released yesterday, paints a somewhat optimistic picture even though the data remains “mixed.” It said that business jet flying activity picked up steam in October, while pre-owned inventories continued to dwindle last month, settling at 10.3 percent. However, it is concerned that pre-owned prices haven’t yet found their footing.