Aviation: Corporate Jet Set

The executive jet, one of the brightest gleams in the eye of the aircraft industry, is having a bit of trouble. Of the 25,000 corporate-owned planes now flying, only about 350 are jets. And with the past year's tight money, lower profits and suspension of the investment tax credit, many a businessman concluded that a private jet was an extra that his company could do without.

Naturally, this is causing some pain for planemakers. Lockheed, whose ten-passenger JetStar was the first of the corporate jets, sold 20 of the $1,500,000 planes last year,...

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