Wondering what has caused this rather interesting dilemma?  The author of the above-mentioned article subtly attributed the increase to the financial crisis in the U.S. as a probable cause. In other words there are two many U.S. jet owners out there seeking lower storage rates and taxes. Panama seems to meet the criteria for a few of them.
Another reason also has to do with a more positive spectrum of economics albeit a slightly different twist from the reason given in the papers. Yes there is no doubt that the solidity of Panama is economy  (which has grown even in hard times elsewhere) has tempted a group of local jet setters to purchase new winged toys but it is also a fact that the country is attracting new entrepreneurial ventures in the fields of corporate aviation tourism, and air medical services.
Alonso Arias of HELI LAT S.A. recently told 4W Magazine that the surge in private aviation expressed in new entrepreneurial projects and purchases is part of a well-defined global trend. The sector is definitely growing. The industry is global growth rate stands at 5% and expects to produce nearly US$3.9 billion worldwide by 2015. Everything indicates Panama will reap the benefits of corporate sales he said.