Bizjet Market Recovery Continues, But Slowly

Preowned business jet inventories were roughly unchanged in February, following declines in each of the prior six months, according to a newly released report by UBS Investment Research. Business jet flight activity in February, meanwhile, was 14 percent above year-earlier levels but was also "sequentially lower." Nevertheless, UBS's latest market survey "continues to reflect improving customer interest and a strong 12-month outlook," the firm said.