Barron's: New Moguls, New Jets

It's wheels-up in emerging markets. With economies booming in China, India and Latin America, those countries are fast embracing the ultimate symbol of American moguldom, the private jet. And that is shaking up the industry: North America last year accounted for just 42% of deliveries of new private jets, down from 54% two years earlier, sending U.S. jet makers racing to learn Mandarin, Hindi and Spanish.