William Garvey
In its Business Jet Update for October, released today, UBS said business jet takeoffs and landings for the month were roughly 17 percent above their March low and unchanged from September, which was “particularly strong.” Moreover, the bank’s investment research monthly said year over year growth “can turn positive before the end of 2009” and forecast 8-10 percent cycle growth in 2010 “including 12-14 percent growth in the first half.”
The report noted, however, that October’s cycles were 4 percent lower than the previous year’s, and 25 percent below the 2007 peak and, “While our key indicators point to a market that is stabilizing at low levels, we still see risk of an extended downturn given significant oversupply, fractional weakness and tight financing, although a weak dollar should help.”
Source: AVIATION WEEK
Date: 2009-12-02