Major airlines are cutting back flights as oil prices soar. Continental Airlines was the latest in a string of airlines to announce layoffs, flight cuts and the retirement of older, fuel-guzzling airplanes. The result is likely higher fares and fewer choices, more waiting, less service.
That could be good for the sale of business jets. The more expensive, complicated and troublesome it is to fly the airlines, the more business jet travel becomes attractive and cost effective for corporations and others with the billfolds to buy them. Business jet deliveries have been at record highs. More than half of the sales are coming from international customers.