Demand for corporate jet makers is holding strong after the industry witnessed unprecedented orders during the pandemic when the wealthy sought out private flights due to public health concerns and commercial travel restrictions. Prices for business jets have been on the uptick as the industry combats continued supply chain challenges and labour constraints, even as economic headwinds have raised concerns over demand flattening. Last month, Cessna business jet maker Textron raised its annual profit outlook and said it expects higher deliveries in 2024 as the supply chain environment improves.
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