Corporate earnings reports have given evidence of enhancing market conditions in the long-depressed light jet segment in the first quarter of 2014, but yet not enough to raise deliveries.
Donnelly, speaking on a conference call with analysts said, As we sat here a year ago, we were kind of concerned about what we were seeing in the market. While the overall numbers are not a lot higher in terms of unit deliveries, we certainly feel better about where we are going in the market.
The parent of
Donnelly says, We feel better that pricing has firmed in the used market. We feel better that pricing is better in the new market as well.
Bombardier, Learjet owner released an encouraging set of first quarter tracking data of the business jet industry.
The inventory of used light jets, as a percentage of the fleet, had stayed stubbornly above what Bombardier considers normal market levels until the first quarter.
After peaking at 14.3% of the overall light jet fleet in the third quarter in 2014, the inventory of used aircraft for sale decreased to 13.2%, which falls within the range that Bombardier considers normal.
Most Popular Stories
- Desktop, Laptop Setups Still King
- Four DC Comics Properties Brought to TV Get Comic-Con Event
- UFC Fight Night Sees Robbie Lawler Win Unanimous Decision
- Plan to Simplify 2015 Health Renewals May Backfire
- 'Guardians of the Galaxy ' Sequel Slated for 2017
- Shania Twain's Vegas residency ending after 110 shows
- Pending Home Sales Slipped in June
- Nissan Profits Rise on Growth in U.S., China