By Daniel McCoy
April 11, 2011
Folks in the general aviation have been saying for some time that 2011 would be the year their industry begins to recover.
They point to factors such as global economic recovery, rising corporate profits and improved financing as paving the way to new orders and new production.
Now, it seems, even some on Wall Street are at least beginning to buy into general aviation’s pending rebound.
According to a report from Aviation Week, JP Morgan analyst Joseph Nadol is “guardedly optimistic” about the industry.
Not a ringing endorsement, I know.
And Nadol goes on to point out some possible negative signs, such as March’s slight increase in used jet inventory.
However, here’s the line from Nadol in Aviation Week’s report that caught my attention:
“As we evaluate the mixed data points, however, it is important to remember how much worse conditions were even a few short months ago.”
That sums up what a lot of people in the industry have been telling me lately. They say things aren’t great yet, but they feel a lot better than where they were.
There does still seem to be a sense that things may never again be what they were in 2007 and 2008, and there is apprehension about what the new normal will look like.
But maybe, just maybe, I’ll get the chance to write my “2011: The year GA rebounded” article sometime in December.
Source: WICHITA BUSINESS JOURNAL