JPM: Bizjet Demand Stabilizes, but Recovery Still Muted
Indicators are mostly positive, but business jet demand still lagging rise in corporate profits.

“We expect little change to the prevailing business jet narrative, which is that demand has stabilized but with only muted signs of recovery,” J.P. Morgan said in its latest monthly business jet report, released yesterday. “Business jet demand has not recovered with corporate profits, as it has previously. We estimate that 2013 U.S. corporate profits were up about 50 percent from the 2008 trough, whereas bizjet deliveries have yet to turn up decisively,”