Private Jets Stay Grounded As Sales Continue To Slump

6:48 pm, October 9th | by Hillary Reinsberg

Houston, we have a problem. The jets are not ready for takeoff. Because no one’s buying them. To no one’s surprise, sales of business jets are down.

Business jet deliveries are expected to be down at least 11% this year, as global demand decreases, The Wall Street Journal reports. Gone are the days of suited businesspeople boarding slick jets, we suppose. As we’ve noted, corporate executives are even being asked to fly coach nowadays. These are tough times.

The firms that track these business jet trends are also touting the benefits of simply remodeling the cockpit and other parts of the jet, rather than buying an entirely new one. In an economic downturn, it’s a convincing argument.

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