Private jet demand declines as tariffs spook would-be buyers
1. Consumer confidence is declining, reducing demand for commercial air travel. 2. Business jet purchase interest fell by 49% since March, marking a significant drop. 3. Barclays survey shows a composite score decline from 52 to 40, indicating market slowdown. 4. 93% of respondents predict tariffs will negatively impact aircraft demand. 5. Potential legislation may restore tax benefits for aircraft purchases, aiding manufacturers.