Turbulence in the bizjet market appears to be easing and President-elect Donald Trump maybe poised to help the industry fly high again.
"The Trump win looks positive for bizjet demand," Cowen analyst Cai von Rumohr said in a research note Wednesday. He expressed optimism that Trump's policies might create "economic stimulus from an expected lower tax rate and less regulation."
The Cowen analyst also said the "shift away from Obama's anti-bizjet rhetoric" should help the bizjet market. The corporate jet market has been soft for many years and new jet deliveries remain below the 2007-2008 peak.
The negative perception of corporate jets came during the Great Recession when Detroit execs traveled to Washington on private jets asking for bailout money.
Indeed, Deutsche Bank said this month sentiment has bottomed in the bizjet sector and it contends that Trump as a bizjet owner "should go a long way in breaking the stigma for corporate jets."