BULL POINTS:
â– Recovery in business flying
â– Growing popularity of private jets
â– Decent dividend yield
â– Potential for consolidation
BEAR POINTS:
â– Pure exposure to the US economy
â– Sizable debt pile
IC TIP:
Buy
at
220p
In Britain, private jets tend to get mentally pigeon-holed next to bankers' bonuses and jewel-encrusted skulls by Damien Hirst - tasteless emblems of probably ill-gotten gains. Not so in the US. There, private jets are merely the most convenient way for groups of businessmen to get around. They are more expensive than commercial business-class flights, but that’s generally offset by the time saved and the benefit of avoiding draconian airport security measures.