Business jet flight activity was up in September, a good sign for the business jet market. Business jet activity is a key indicator of the market. Takeoffs and landings, considered a “cycle,” were 18 percent higher in September than in March, when they hit a low, according to a just-released report from UBS Securities. September’s increase was the fifth uptick in the past six months, the report said. They still, however, were 9 percent lower than a year ago, and 27 percent lower from their peak in mid-2007. Activity for short-range aircraft, which declined the most in the downturn, showed the largest increase, according to UBS. But don’t get ready to pop the champagne cork yet. “We still think the business jet market is characterized by significant oversupply, weak pricing and tight financing,” the report said. “While our key indicators point to a market that is stabilizing at lower levels, we still see risk of an extended downturn.”
Source: http://blogs.kansas.com/aviation/2009/11/02/business-jet-flight-activity-rose-in-september/
Tags: Business jet, business jet flight