Recession? Not for makers of private jets
It’s all about that new plane smell.
Private jets that can fly faster and go longer distances are causing a surge in new corporate-jet deliveries from General Dynamic Corp.’s Gulfstream unit, Bombardier Inc. and Textron Inc.’s Cessna. Innovations that have spurred sales include better fuel-efficiency, roomier, quieter cabins and gadget-packed cockpits that can predict the weather and smooth out bumpy rides.
Business aircraft deliveries are expected to rise 9% this year to about
Read more »