In addition, he said, prices for used business jets are at or very close to a bottom--having tumbled 25% to 35% on average over the past three years--so some corporations that have been holding out for the best deals don't have reason to continue delaying.
"Folks are now getting back into the market," Labrozzi said. "If we're not at a bottom [on used prices], then people are thinking we're close enough there."
Honeywell International Inc.'s (HON) aviation unit cast something of a pall over the business-jet sector in October, predicting in a closely watched annual outlook that the number of new aircraft deliveries may not perk up until 2012.
But Labrozzi chalked up the trend largely to the high numbers of used aircraft that remain on the market, not to a lack of corporate demand.
"I think [GE] is going to have a good year" in 2011 in terms of business-jet lending and leasing, he said. "And I think the industry itself is going to be much better off, but the lag on the new manufacturing side is going to take some time" to catch up
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