JetNet Sees Mixed Signals for Bizjet Market | Aviation International News

JetNet Sees Mixed Signals for Bizjet Market

While OEM backlogs and book-to-bill are up, industry optimism is down.

By Curt Epstein • Business Aviation Services Editor

May 22, 2019

Business aviation data provider JetNet is fairly optimistic about the state of the business jet market, but sees some warning signs on the horizon, the company said in a state of the business aviation market presentation on Tuesday at EBACE 2019. While GDP has long been associated with business jet usage, JetNet v-p of sales Paul Cardarelli said his company's analysts have noted a bit of decoupling in GDP growth between the U.S., which has been above 3 percent for the past two quarters, and the Euro Area, which has remained flat at 1.2 percent for that span. Cardarelli placed some of the blame on the protracted drama of Brexit, which is estimated to be impacting the UK economy by £19 billion a year, among other factors.

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