A top Morgan Stanley analyst is bullish on business aviation, according to an interview at AOPA Live. In an interview with Tom Horne, AOPA Pilot Editor at Large, Heidi Wood said that, historically, business jet recessions don’t last longer than three years and the industry is now at that mark. Another positive sign is that U.S. corporate cash balances are at an all-time high, which means companies are in a position to buy jets. One thing that could help the recovery process along, however, is a decrease in “political overhang,” she says. Watch the interview here.
About Janice Wood
Janice Wood is editor of General Aviation News.
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He’s dreaming. Pollyanna always shows up at the annual AOPA and NBAA conventions. Nothing has changed in Washington – short of the inevitable success of fiscal conservatives in the November 2012 elections – to give any thinking person reason for optimism, especially concerning the sale of expensive capital equipment, which is what a bizet represents. Ask any aircraft maintenance shop for the average number of hours they see on aircraft being annualled these days. Be sure to sit down, the number is sobering, between 25-50 hours. Some have only the hours on the logbooks to and from the annuals. If the low end dies, we can forget GA altogether.