Measured mood in Miami
Demand for aircraft will return in 18 months, say speakers at Corporate Jet & Helicopter Finance Americas 2013.
Miami has always been a good place to go if you want to cheer youself up, and the mood at our Corporate Jet Finance Conference, attended by over 130 people, was definitely helped by the surroundings.
But even with this boost, it was a pretty realistic group.
The general consensus over the past two days has been that we are still 18 months’ away from returning to the levels of demand that we saw a few years ago. One delegate did ask the forecasting panel why we should trust them this time as they had said the every same thing 18 months ago, but the good news is that everyone in the industry is well-prepared for when demand does return.
Some people blamed lack of finance for the drop in orders (although it is hard to find real proof of this), but as they are keen to lend now, you definitely can’t blame them for holding back the upturn.