Business Jet Analysts Provide Promising Market Outlook for 2014 and Beyond
Some long awaited good news for a beleaguered industry.

The business jet market has finally stabilized after five long years and is poised for growth this year, according to two outlooks presented at the NBAA Aircraft Finance, Registration and Legal Conference, held on February 6 and 7 in St. Petersburg, Fla. “Take a look around, because this is the recovery,” JetNet iQ director Rollie Vincent told attendees. Dean Roberts, director of market analysis at Rolls-Royce North America, concurred, saying that the industry is now “progressing well.”

In separate presentations, each analyst pointed out that conditions now look much improved for the business jet market: macroeconomic fundamentals are slowly improving, business jet flying in the U.S. is increasing, pre-owned inventories continue to fall and sales transactions are strong. However, pre-owned business jet pricing is still soft, so it remains a buyer’s market, they said.