AINonline reported that according to the December Aerospace and Defense Business Jet Monthly report from J.P.Morgan, the business jet market in 2013 isn’t going to be a lot better than in the previous four years.
However, the report also notes signs of stabilization in a cyclical industry. According to the report, the near-term outlook is not encouraging, but the trends appear to be pointing upward, with 628 business jet deliveries forecast next year, 750 deliveries in 2014 and 856 in 2015.
The AIN report states that the J.P Morgan report reflects guarded optimism in the short term forecasting deliveries will grow by two percent in 2013, with the potential for orders to pick up in 2014.