July 2, 2009 - 11:36am

The pre-owned business jet market appears to have bottomed out last month, according to UBS Investment Research’s latest business jet update, released this morning. “Available business jet inventories stepped down 2 percent in June after sequential increases in each of the prior 18 months,” UBS aerospace and aviation analyst David Strauss noted in the report.

June 9, 2009 - 9:22am

Notwithstanding Boeing’s announcement in April that it will cut 777 production from seven to five per month starting next June, the world’s two big airliner manufacturers appear out of touch with the harsh reality of their ability to fund aircraft deliveries this year, according to investment banks familiar with the lending environment.

May 28, 2009 - 10:27am

UBS Investment Research’s business jet survey released on Tuesday shows that the market index increased to 35 this month, the fourth consecutive move higher, which UBS analyst David Strauss said is “indicative of a much slower pace of deterioration.” The investment researcher said the business jet index is still weighed down heavily by weak pricing and high inventories since it hasn’t yet crossed the 50 mark indicative of incremental improveme

May 13, 2009 - 11:51am

 Perception is reality. That was the message yesterday from European and U.S. business aviation leaders who are waging an image campaign against politicians and the media engaged in class warfare against travelers who fly privately.

May 1, 2009 - 6:46am

Although Westchester County Airport in New York agreed to grant a new
lease on Hangar E-1 to JPMorgan Chase, existing leaseholder Avitat Westchester

April 21, 2009 - 12:36pm

Westchester County authorized the county executive to sign a lease with JPMorgan Chase for Hangar E-1 at Westchester County Airport in White Plains, N.Y., but the actual lease has been delayed by court action.

April 3, 2009 - 9:43am

Investment mogul Warren Buffett, who in 1989 named his Bombardier Challenger 600 “The Indefensible” but later renamed the jet “The Indispensable” still believes that aircraft are valuable business tools even in light of the current economy.

March 31, 2009 - 10:20am

Directional Capital and Resilience Capital Partners have increased their financial stake in fractional-share operator Flight Options and now own a majority of the company. Members of Flight Options’ management team also participated in the new investment. Directional Capital is headed by Kenn Ricci, chairman of Flight Options and also the company’s founder.

March 31, 2009 - 10:19am

Following a trend that began three months ago, the UBS Business Jet Market Index moved up again this month, signaling that used jet sales may be on a rebound. Although the index is still in negative territory, this “reflects a slower pace of deterioration,” according to the UBS Business Jet Survey released yesterday.

March 31, 2009 - 6:35am

UBS Market Research’s latest snapshot of the business jet market shows continued incremental deterioration in market conditions in February, although at a slower pace than in the November-to-January time frame. The depressed market conditions are being caused by “way too much” pre-owned inventory for sale, falling pricing and tight financing, the firm said.