JP Morgan Still Optimistic on BizAv Prospects
By Benet Wilson benet_wilson@aviationweek.com
With a significant overhang of used jets still available at attractive prices, demand remains anemic and backlogs continue to decline, according to JP Morgan’s Aerospace and Defense’s Business Jet Monthly for January.
“We see this as the major question for the industry coming into the New Year,” writes analyst Joseph Nadol. “We see potential for further rate cuts if orders do not pick up ...
