It is the perception of business aviation as a luxurious form of travel that has put a target on the industry’s back, EBAA chairman Brian Humphries said today at an EBACE luncheon. “I’m not sure flutes of champagne and luxurious interiors are what we want to be portraying right now,” he said.
For business aviation, the latest $787 billion economic stimulus bill–H.R.1, the “American Recovery and Reinvestment Act”–giveth with one hand and taketh away with the other.
The distrust of business aircraft and the people who fly in them didn’t start with
the big three automakers flying on business jets to Washington to plead for a bailout.
Rather, it extends back several decades.
Just as business aviation was girding for a fight over a Troubled Assets Relief Program (TARP) amendment that would have forced companies receiving TARP funds to dispose of their business aircraft, the House of Representatives moved to strike the language from the legislation.
As worries about the economic health of insurance giant AIG dominated headlines last month, they also sparked concern among business aircraft operators about the state of their insurance coverage.