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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 238.63

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3:59 PM EST

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To: H James Morris who wrote (146222)	8/26/2002 3:06:26 PM
From: Slumdog	Read Replies (1) of 164685

The Financial Post reports in its Saturday edition that investors can forget those post-Sept. 11 predictions that executives would flock to Bombardier and stock up on private jets. The Post's Drew Hasselback writes that instead, the weak economy has led to increased used corporate jets on the resale market as companies have opted to ground their planes in order to cut travel expenses. It is expensive to put a corporate jet in the air -- especially when a slow economy reduces the need to fly across the country in search of deals. "There's a ton of aircraft on the market. There's a flood of it," said Marty Anderson, account executive with Business Air, a publication that lists business jets for sale. AMSTAT Corp., which studies the makeup of the business aircraft market, reported last December that about 16 per cent of the world's corporate jet and turbo prop fleet was for sale, up from about 13 per cent the year before. Andrew Young, sales manager with AMSTAT, said the market seems to have plateaued at December's level. After Sept. 11, there was indeed a wave of interest in buying private jets, but this ended after costs for fuel, maintenance and flight crews sunk in.

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