Sunday, January 29, 2017
Trump bump fuels private jet business
The election of Donald Trump to the White House could give the private jet industry a helpful bit of thrust this year.
The so-called 'Trump Bump' has made industry executives more upbeat about the outlook, with 80pc saying the US president will have a positive impact on their aviation businesses, according to a survey by Corporate Jet Investor.
Mid to heavy jets are expected to be the best sellers in 2017, as a stronger global economy and new technology and innovation within the aircraft industry also fuel growth in the sector.
The UK will be a key market for private jet exports. Over the next eight years, 146 heavy private jets are expected to be delivered to UK clients, worth as much as £5.7bn, according to figures from Global Jet Capital, a business aviation finance company. This is more than any other European country by a wide margin.
Alasdair Whyte, editor of Corporate Jet Investor, said: “Donald Trump is the first President of the United States to own business jets before becoming elected. He may split opinions, but our research shows the majority of people in the industry think this will have a positive impact on market growth and there have been increased enquiries from aircraft buyers since the election, particularly for pre-owned aircraft.
“There are a lot of exciting developments going on to make business aviation more affordable and more accessible, allowing clients to charter aircraft more easily."
Original article can be found here: http://www.telegraph.co.uk
Posted by Kathryn on Sunday, January 29, 2017