France’s Dassault Aviation (AVMD.PA) reported a pickup in business jet orders in the first half of the year but warned against betting on a quick recovery in the battered sector due to a glut of planes on the market.
Dassault, which competes with planemakers such as Textron (TXT.N) subsidiary Cessna, General Dynamics (GD.N) unit Gulfstream and Canada’s Bombardier (BBDb.TO) for sales of luxury and business jets, said cancellations were decreasing but new orders were taking time to pick up again.
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