FILE PHOTO: An aerial view of Bombardier's Global 7000 business jet is seen during the National Business Aviation Association at the Henderson Executive Airport in Henderson - Planemakers are betting on steady demand for business jets as the world's largest corporate aircraft show kicks off on Tuesday, but analysts are turning cautious about the appetite for private flying due to growing macroeconomic risks and a fading pandemic-induced boom.
Marquee names such as Bombardier, Textron, Embraer and Boeing are expected to showcase their latest models at the show, according to the NBAA. As a pure-play business jet provider with financial leverage, Bombardier is most exposed to any weakness in demand, followed by Textron, J.P.Morgan analyst Seth Seifman said in a note.
Meanwhile, industry watchers expect new jet orders to be announced at the NBAA event. Private jet company Flexjet is expected to place a large order and analysts expect Bombardier will be the likely winner. The son of Eddie Van Halen and Valerie Bertinelli tied the knot with his long time love in the couple's living room in front of 90 close friends and family
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