The new Russian Business Aviation Association (RusBAA) has confirmed that the exceptional growth the country’s emerging business aircraft sector achieved in the past few years has been quickly rolled back to 2006 traffic levels as the global downturn has gripped the Russian economy.
Alliance for Aviation Across America, a Washington, D.C.-based general aviation advocacy organization, has released an economic impact study detailing general aviation’s value across the nation.
These are the hardest times the global business aviation community has ever faced, the industry was told by its leadership at yesterday’s opening general session of the EBACE show. Just as companies struggle to stay afloat in the treacherous undercurrents whipped up by a financial crisis of historic proportions, they are having to avoid being dragged down by the unwelcome weight of a new wave of regulatory requirements.
Although the downturn in the economy has dampened the near-term prospects for the general aviation industry, demand for business aviation will expand over the long term, according to the most recent forecast from the FAA, which anticipates a growing U.S. and world economy.
Testifying before Congress yesterday during a hearing on FAA reauthorization, NBAA president and CEO Ed Bolen directly challenged those who have recently questioned the value of business aviation or mischaracterized the use of business aircraft.
Macquarie Infrastructure, which owns the 64-base Atlantic Aviation FBO chain, reported that its airport services business achieved “year-over-year growth in gross profit…driven by acquisitions concluded in 2007 and 2008.” Although industry reports showed that general aviation movements have dropped by 9 percent or more through the first nine months of this year, airports where Atlantic operates have seen movements decline by less than 6 percen
The European helicopter safety team (Ehest) released the preliminary results of the first European-wide helicopter accident study on October 13, during a conference in Cascais, Portugal. The Ehest is now transitioning from analysis to the development of an action plan. Ultimately, the goal is to reduce the helicopter accident rate by 80 percent by 2016, consistent with the goals of the international helicopter safety team (IHST).
Since the Transportation Security Administration released its plans for a Large Aircraft Security Program (LASP), business aviation providers and pilots have reacted swiftly and vociferously. Reaction to the proposed regulation runs the gamut from strident opposition to resigned acceptance for what operators view as unwarranted governmental meddling in the functioning of the industry.
There is an old joke in Brazil that this largest of Latin American nations “is a country of the future, and always will be.” But things have a way of changing.