Business

Business jet recovery remains slow, Boisture says

Hawker Beechcraft’s CEO Bill Boisture said this morning at the Paris Air Show that the market for business jets is still slow.

“Demand is still spotty,” Boisture said.

He’s becoming more convinced that Teal Group analyst Richard Aboulafia’s prediction of the market when he spoke recently at the Wichita Aero Club is correct.

Aboulafia predicated a “bifurcated” market, with demand for large business jets coming back faster than the recovery in the small and medium market where Wichita’s planemakers operate.

“We’ve got to clear the used inventory,” Boisture said. “That’s got to get worked out.”

In the meantime, prices are staying “surprisingly low, and there’s not that many transactions,” he said. “We’ve got to work out way out of this.”

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