Business-Jet Sales Sink Most Since 2011
Tables set for dining sit inside a Bombardier Inc. Global 6000 business jet is seen at the Singapore Airshow held at the Changi Exhibition Centre in Singapore, on Wednesday, Feb. 17, 2016.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
Sales of new private aircraft fell 16 percent in the first quarter from a year ago as demand weakened for the largest planes.
Jet airplane billings were about $3.53 billion in the first quarter, down from $4.2 billion a year earlier, according to the General Aviation Manufacturers Association. That was the biggest decline in almost five years.