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Private Jet Surplus Leaves Many Planes Grounded

Posted on May 28, 2014

Business aircraft are taking to the skies again as many economies around the world improve, but a surplus of jets delivered just before the recession means the equivalent of 2,750 jets remain parked in hangars.

An excess of jets is depressing prices for planes, particularly older ones, and clouding the outlook for manufacturers of new jets, such as Bombardier Inc, Gulfstream and Cessna.

Full story at www.reuters.com.

Related Topics: airlines, business jets, business travel, charter jet, private jets

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