Analyst Brian Foley: 'Mercy Sales' Have Run Their Course
It’s been tough going for the general aviation industry, with worldwide business jet deliveries plunging to half their 2008 peak. “It could have been worse if it weren't for a few pockets of strength in some developing parts of the world”, notes industry analyst and advisor Brian Foley. “But by now those 'mercy sales' have largely run their course, so the industry must once again rely on its traditional primary market, the United States, as the mainstay of its recovery."