What Happened
Global Jet Capital Reports Strong Demand For Business Jets
The business jet market is showing signs of stability, with backlogs increasing by nearly 20% in the second quarter, according to Global Jet Capital. This growth in demand is leading to longer lead times for business jets, with manufacturers struggling to keep up with orders. The strong demand for private aviation is a positive sign for the industry, which has been impacted by the pandemic and other global events. The news was reported by Aviation International News.