Decelerating global economic growth is taking its toll on the business aviation industry, according to J.P.Morgan North America Equity Research’s latest Business Jet Monthly report, but there are some positive indications. “The high end of the market remains far more vibrant than the lower end,” the report noted. “Other less than robust indicators include a fourth consecutive month of higher used inventories–though used pricing improved–and a second consecutive decline in flight ops.” Key metrics show that used aircraft inventory increased for the fourth consecutive month, by 30 basis points in November, to 11.1 percent, but still down 20 basis points year-to-date. “Heavy, medium and light jet inventories were up 0.2, 0.1 and 0.6 percent, respectively.” Average asking prices have climbed, up roughly one percent from the low reached in July. Flight operations dropped by half a percent year over year during October. “Flight ops are now up only 3.6 percent year-to-date, though the data comes from the FAA and is therefore skewed toward the U.S., missing other countries where flight ops are likely growing.”