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Florida Beats Asia in Private Jet Use

From bloomberg.com

BBA Aviation Plc (BBA), the world’s biggest provider of bases for business jets, plans to spend $300 million on U.S. acquisitions this year as demand for private planes in emerging markets remains in its infancy. London-based BBA is focused on a U.S. market that provides 75 percent of sales, Chief Executive Officer Simon Pryce said, adding that emerging economies are too lacking in big companies and infrastructure to support extensive use of business jets. “There are more planes on the ramp at Palm Beach on any given Saturday afternoon than there are in the whole of India and China,” Pryce said today in a telephone ... (full story)

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