Citi Researcher: 'Lost Decade' Over for Business Jets?
"Now we hear the word ‘surreal’ with regards to the rapid market improvement without an identifiable catalyst," said Citi's Jonathan Raviv.
As preowned inventory has dwindled, Citi Research aerospace analyst Jonathan Raviv said the so-called "lost decade" for business jets is now over. He particularly noted “incremental excitement” for large-cabin business jets, such as this Dassault Falcon 2000S. (Photo: Dassault Falcon)
As preowned inventory has dwindled, Citi Research aerospace analyst Jonathan Raviv said the so-called "lost decade" for business jets is now over. He particularly noted “incremental excitement” for large-cabin business jets, such as this Dassault Falcon 2000S. (Photo: Dassault Falcon)

The “lost decade” for business jets might soon be over, according to Citi Research U.S. aerospace and defense senior equity analyst Jonathan Raviv. Citi introduced its “lost decade” thesis in 2013, which said that excess aircraft production in the 2000s created a “shadow” preowned inventory that led to an anemic post-Great Recession recovery.