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Cheese, pasta makers give small jets shot in the arm

By Bloomberg | China Daily | Updated: 2015-02-13 07:44

The turnaround in the private-jet market is finally reaching the small- and medium-sized models that fell out of favor after the 2008-09 global financial crisis.

Buyers in 2014 included a mozzarella maker, a seller of building materials and a pasta producer. With the US economic rebound picking up steam, midsize companies are again feeling flush enough to invest in corporate planes, said Brian Foley, a Sparta, New Jersey-based aviation consultant.

"There's pent-up demand out there," Foley said. "Buyers of that smaller category had stayed on the sidelines until they regained confidence in the economy."

Cheese, pasta makers give small jets shot in the arm

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