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Global business jet market starting to recover -Dassault Aviation chief

Reuters  |  PARIS 

By Cyril Altmeyer

PARIS (Reuters) - The global jet market, which had been bruised by the 2007-08 financial crisis, has started to show signs of recovery, the of France's Dassault said on Thursday.

Sales of jets halved from their peak of 1,317 in 2008 to 661 in 2016, according to data from the General Manufacturers Association, but Dassault's told reporters there were signs the market is picking up and that his company is also in the process of developing a new jet.

Speaking in his capacity as of the French aerospace interest group, Trappier said there had been a pick up in activity over the past month.

Trappier's comments echoed those made in October by Honeywell, which said it expected the market to receive a boost from the global economy's steady growth and upgrades to newer from U.S. companies.

Dassault last month said it was scrapping development of the 5X jet because of delays and technical problems with its French-supplied engines. It added that it would launch a new model powered by Pratt & Whitney Canada, a subsidiary of

(Reporting by Cyril Altmeyer; Writing by Sudip Kar-Gupta; Editing by David Goodman)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 16:08 IST