WICHITA, Kan. (AP) — An expected rebound in the small- and medium-sized business jet market this year could be good news for Wichita, where the aircraft is built.
While it’s been predicted a number of times in the past five years, experts say signs like increasing consumer confidence and low oil prices point to probable growth in the small to mid-size business jet industry in 2015.
The Wichita Eagle reports one analyst is forecasting sales to grow to nearly 800 in 2015. Another expects orders to increase to around 770 jets.
Bombardier Learjet and Textron Aviation, which includes Cessna Aircraft and Beechcraft Corp., manufacture business aircraft in Wichita.