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- March 15, 2021, 12:41 PM
The business jet industry is poised for a quick recovery, Teal Group v-p of analysis Richard Aboulafia said during a virtual presentation this morning to the Wichita Aero Club. That prediction comes despite a number of contradictory business aviation indicators, including lower corporate profits but strong performance in the equities markets. “I’m also concerned about oil prices,” he said. “Although there again, you’re getting a bit of a recovery. They had been quite bad last year.”
Further, business jet deliveries and utilization were down in 2020, while airframers laid off staff all likely a function of the pandemic, Aboulafia said. But, he explained, utilization has recovered faster than that of commercial aviation and gathered steam last year primarily from charter and fractional operators.
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Don Grommesh, Bill Lear’s employee No. 8, served as chief engineer, vice president of Learjet engineering and vice president and general manager of customer service.
Al Higdon, Joined Lear Jet in 1964 and helped make Learjet a household name. Higdon, now retired, is co-founder of Sullivan, Higdon & Sink, now Signal Theory.
Dave Franson, joined Learjet as director of public affairs from 1997 and served for seven years. Franson is now president of the Wichita Aero Club.
Photo credit: Learjet
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