Business jets ride crest of new model wave

The business jet market has seen unprecedented growth during the last three years and preliminary numbers for 1999 suggest deliveries of 532 jets worth $7.7 billion. US corporate profits have been the main external market driver and companies are increasingly seeing business jets as useful tools. New models and fractional ownership are also important drivers in the growth of the market. The high end of the business jet market is the most vulnerable sector, followed by the upper middle, although there are many new models about to come into service in the upper middle sector.