Bizjets Looking Good Again
If there can be any good news out of a terror scare like the one last week in Britain, it's that those who can afford alternatives to the airlines start thinking that way again. Industry observers expect increased interest in the full range of business aircraft in the wake of the discovery of an alleged plot to sneak peroxide-based explosives on up to 10 airliners flying between Britain and the U.S. The fallout of enhanced security has considerably ratcheted up the inconvenience factor for airline passengers, delaying and canceling flights and creating massive lineups, any of which is bound to push the time-is-money limits of those more endowed with the latter than the former. The added impetus comes at a time when business jet sales are already on pace to set a sales record. In 2001, the bizjet industry set a record with 784 deliveries. We all know what happened then but the recovery began in earnest a couple of years ago and the General Aviation Manufacturers Association reported 415 bizjet sales in the first half of 2006.