NBAA is again hosting a general session focusing on careers in business aviation targeted at middle- and high-school students. The event, to be held November 1 from 9:30 a.m. to 10:30 a.m. in the Orange County Convention Center, is designed to inspire young people to consider aviation careers. Keynote speaker is Barrington Irving, ambassador for the Mitsubishi/Barrington Irving Dream & Soar: Youth in Aviation program, which emphasizes study in science and math.
All NBAA 2012 News
In looking for something to validate my feeling about what a lackluster year it has been in the preowned segment, I compared the year-ago inventory level with this year’s numbers at this time, and even though my gut feeling told me so, the results were still a bit surprising.
Last year’s inventory was 2,572, and this year’s number was exactly the same. In between there have been slight upticks and one small downtick that unexpectedly came this past summer, when inventory more often builds than diminishes.
When President Obama criticized tax breaks for owners of corporate jets during the first debate with contender Mitt Romney on October 3, the reaction from the business aviation community was swift. Obama was referring to the allowable accelerated depreciation for capital goods, which ironically is part of a bill that he signed in 2010, HR 4853, the Tax Relief, Unemployment Insurance and Job Creation Act.
Before digging into the details of each of the light jet markets, it’s worth noting some global factors affecting the market. In 2012, the big story in the light jet market was Europe and the devaluing euro. As the light jet market typically trades in U.S. dollars, with the euro dropping nearly 20 percent in value compared to last year, European sellers saw an opportunity to take advantage of the strong dollar and liquidate at relatively lower dollar values for their assets, yielding a higher amount of euros.
General Aviation Manufacturers Association (GAMA) president and CEO Pete Bunce credits the No Plane No Gain program with helping to emphasize to policy makers the importance of business and general aviation to this nation.
As any show attendee with children is aware, this year’s NBAA overlaps Halloween, and if you find yourself craving some aviation-themed thrills and chills while in Orlando, head over to nearby Fantasy of Flight in Polk City for two events celebrating the spookiest time of the year.
While the 65th Annual NBAA Convention here in Orlando is the world’s greatest gathering of modern business aircraft, it isn’t the only great aircraft collection in the area. Drive just 15 minutes west on I-4 and you’ll find Kermit Weeks’s Fantasy of Flight, home to the “The World’s Greatest Aircraft Collection.” If you are a fan of early era through post-WWII aircraft, the museum is a not-to-be-missed destination.
In the upcoming movie Flight, starring Denzel Washington, the only way the captain can save everyone aboard his crippled airliner is to complete an aileron roll just before bellying it in. Sure the story is pure Hollywood hokum, but there have been a number of accidents where pilots, faced with unusual attitude or control situations, reacted either incorrectly or too slowly to save their aircraft. And, unfortunately, life didn’t imitate art.
International Drive is home to a polyglot of restaurants, presenting ideal choices for NBAA convention attendees, whether they seek a quick lunch or a convenient dinner stop. Pointe Orlando, just across form the Orange County Convention Center, has become home to a bevy of dining “establishments,” some that have been therefore a while, and some that are now roosting in renovated perches. Then, just a stone’s throw down the road is the Rosen Centre Hotel, home to even more.
It was on a severe clear flight from Philadelphia to an island in Long Island Sound just off the Connecticut coast in the early 1970s that retiring National Air Transportation Association (NATA) president and CEO Jim Coyne got hooked on general aviation.
Coyne, his new wife Holly and a friend had chartered the single-engine, four-seat Grumman American for the trip that took them over New York City to the tiny airstrip on Fisher’s Island. Then and there the Coynes decided to become pilots. Soon they were renting airplanes and eventually bought an old Piper Arrow.