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The U.S. business aviation sector is still clawing its way back from the Great Recession. Aircraft makers are concentrating their attention on Houston as one of their best hopes for recovery.
Oil and gas, medical care, and the high-tech sector all make Houston a top destination for international flights. Janine Iannarelli is president of Par Avion Ltd., a business jet broker based in West Houston.
“Houston has been — as a whole, and I use that as a very collective sort of statement — a consumer, a large consumer, of business aircraft, particularly in the last four years. More and more people are expressing interest in aircraft ownership, because I think the airlines, time and again, prove themselves to be an inefficient way to conduct business when your business needs to have been conducted yesterday.”
The slow pace of sales means business aviation is still a buyers’ market. But Iannarelli says customers should expect prices to rise within six months to a year.
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