Pratt & Whitney Thinks the Biz Jet Market is Rebounding Too

by Matt on June 30, 2010

Many business jet companies and industry insiders say the business jet market is recovering, and Pratt & Whitney is one of them. John Saabas, president of Pratt & Whitney Canada, told Bloomberg’s Rachel Layne and Susanna Ray that the market will return to the same record levels seen in 2007, but not until probably 2015. Pratt & Whitney Canada also plans to pursue orders from large business jet makers. Along those lines, Saabas says “interest in so-called heavier jets exceeds both medium and light planes in the early part of the recovery.” Bombardier and Gulfstream are squaring off for dominance of the big business jet market, and Cessna is considering relaunching the Columbus model.

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