NBAA has cancelled the 2009 Asian Business Aviation Conference & Exhibition (ABACE). The event was scheduled to take place in Hong Kong on February 11 and 12, and the association announced the cancellation on December 23 in response to the worsening economic situation.
National Business Aviation Association
John Winant, 85, president of NBAA from 1971 to 1986 and a “critical player
The formal obituaries on the death of John Winant recount his education, occupational history, achievements and awards but say little about the kind of man John was. Perhaps I can add a human-interest factor based on having worked with and for John for 13 years as a member of the NBAA staff.
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.
John Winant, 85, president of NBAA from 1971 to 1986 and a “critical player in the evolution of business aviation,” died Tuesday at his home in Williamstown, Mass. “It would be difficult to overstate the importance of John Winant in the development of business aviation in the U.S. and around the world,” said NBAA president and CEO Ed Bolen.
For the first time in several years the unabashed exuberance that has prevailed at the annual NBAA Convention was replaced by concerns– if not outright fear–that business aviation’s rapid rate of climb is now nosing over into a descent that will likely be felt beginning in 2010 or 2011 and last for at least two years.
At the NBAA media breakfast, held last month at the NBAA Convention, Alan Klapmeier, GAMA chairman (and president and CEO of Cirrus), noted that the credit crunch is a problem for the general economy and for some aircraft sales, but said that productivity is the key to turning the economy around. Adding productivity is what business aviation does best, he said.
The NBAA Convention in Orlando, Fla., which concluded yesterday, attracted 30,811 attendees, just shy of the 30,963 people at the event last year in Atlanta. It was a “solid turnout” given all the circumstances, in the opinion of association president and CEO Ed Bolen. “This year's show comes amid spikes in the cost of fuel, tightening credit markets and a challenging economy.
Ten days after the Dow dropped 787 points in a week, one month from the presidential election, five months before extension of the FAA’s funding expires again and 14 months until a scheduled game-changing UN meeting on the environment, the 61st NBAA Annual Meeting and Convention opened yesterday with the business aviation industry booming, but with attendees looking over their shoulders as they wait apprehensively for the boom to fall.
As the stock market plunged in the backdrop, the 61st NBAA Annual Meeting and Convention opened today in Orlando, Fla., with the business aviation industry booming, but with attendees looking over their shoulders as they wait apprehensively for the boom to fall. The news is not all bad; industry forecasts predict a record number of deliveries this year and maybe even next year, with a slight trough expected in 2010.