Accelerating the growth potential for business aviation in Central and Eastern Europe will top the agenda for the second annual Cepa Expo, which will be held November 28 to 30 in Czech Republic capital city Prague. According to Dagmar Grossmann, founder of the Central European Private Aviation Association (Cepa), market conditions are generally stronger in that part of the continent than they are in Western Europe.
Nonetheless, conference delegates plan to address remaining barriers to growth, such as the reluctance of banks to provide loans on attractive terms due to concerns over securities and local financial regulations, as well as high costs for pilots. “The pre-owned market is still struggling a bit here,” said Grossmann. “But demand for new aircraft and for operating [services] is good. People want to get things done here. There are now 26 [air operator certificate holders] in the Czech Republic alone.”
Cepa aims to bring together business aviation service providers, prospective clients and finance companies to debate how to resolve remaining difficulties in the region. The association itself now has more than 100 members.