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Frost & Sullivan: business jet demand rising in tandem with corporate profits
Frost & Sullivan: business jet demand rising in tandem with corporate profits

Strong corporate profits and steady orders from China, Russia, India and other fast-growing countries are driving continued demand for business jets, according to Frost & Sullivan´´s "World Business Jets Market: Investment Analysis" released yesterday. According to the report, the top 20 companies in the world business jet market earned $ 18.03 billion in revenues last year. The report estimates that revenues are likely to reach $ 22.56 billion in 2009.

For the first time ever, last year also marked the first time ever that regions outside North America generated the majority of business jet orders. This is a significant shift from the past where the US and Canada generated about three-quarters of these sales.

According to Domain-b.com


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