Aviation business finds the path of recovery

Filed in archive General on March 12, 2010

After having been battered by recession in 2009 there are some positive cues for the aviation industry. 2010 is expected to be better than 2009 if not good. 2011 will be the year when the industry is expected to rise again on its feet. At present the flight activity has started to pick up, there is stability in the sale prices of aircraft and pre-owned aircraft inventory has dropped significantly as compared to the past year. Come 2011 and plane buying will find its momentum. Even though jet fuel sales plummeted in 2009 but as per an estimate more than 21 billion gallons of fuel is expected to be consumed over the next decade. It is also expected that 9,000 business jets worth $170 billion will be delivered by 2019.

Seems the aviation industry is back on track and we will again witness happy faces and double digit growth within this sector.