AINonline reported that JPMorgan North America Equity Research is forecasting a 5% increase in business jet deliveries in 2013. According to the report, JP Morgan predicts that 627 business jets will be shipped during 2013, compared with an estimated 596 jet deliveries in 2012.
The AINonline report also states JPMorgan said pre-owned inventories of in-production business jets declined in December to 10.6% with average asking prices falling 9% year over year.