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Luxury jet market value seen slipping for first time since 2009

Planes such as the Bombardier Global 6000, favoured by company executives in emerging markets who have to fly long distances to New York and London, are now seeing slower growth.

Las Vegas

GLOBAL long-term spending on private jets is starting to slow for the first time since 2009 as slumping commodity prices sap demand in emerging markets, according to an industry forecast.

Deliveries for the 11 years ending in 2025 will be valued at US$270 billion,