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.