Bizjet Market Gets Mixed Reviews

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Raleigh, N.C.-based aircraft broker Jetcraft Corporation says those in the market for a business aircraft are looking beyond the current economic uncertainty, and demand for certain types of planes remains steady. In a statement issued last week. the company says the market seems largely unaffected by the "macroeconomic events" of the past few months and the company is "guardedly optimistic" the current strong sales will be maintained. "We believe that confidence in the business jet market is holding because the volume of transactions has remained quite stable," said Jetcraft spokesman Jahid Fazal-Karim. "Business jet purchasers are generally acquiring aircraft based on anticipated lift requirements six to 18 months from today. This trend illustrates continued confidence as globalization of business continues. The need for long range business jets, particularly in emerging markets, is here to stay." Dassault isn't quite so sure of the strength of the market, however.

In an interview with Reuters, Dassault CEO Charles Edelstenne said that while the used market is looking a little better, he thinks the current economic issues are hurting business jet sales. "The climate is not very favourable, there is such international economic uncertainty."