General Aviation Industry Hurting During Economic Downturn

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When Recession Hits, Importance of General Aviation to America Becomes Even More Visible

The U.S. aviation system is critical to the success, strength and growth of the economy. The system is made up of three segments – Scheduled operations, including passenger airlines; Military, and General Aviation. The people and businesses in general aviation are subject to the sluggish economy just like everyone else. And all the information available confirms that when a recession hits general aviation, the impact is felt all across America’s economy.

Review the NBAA resource to learn more about the recession's impact on GA manufacturing and flight activity, and on small airports across the U.S.

Grappling with High Fuel Prices

There’s no question that fuel costs adversely impact organizations and small businesses using general aviation. Historically, the general aviation community has paid nearly twice the price for fuel than that paid by the commercial airlines. The impact of continuing price increases on the industry is visible in all parts of the country, and businesspeople are struggling to grapple with the situation. Read More.

Bonus Depreciation

Bonus Depreciation has been extended for 2011 and may allow aircraft owners to realize the depreciation benefits of an eligible asset more quickly. Lean More.

NBAA Urges Congress to Renew Accelerated Aircraft Depreciation

On April 1, 2010, NBAA joined with 81 other organizations in signing on to a letter to House and Senate leaders calling for renewal of an accelerated-depreciation policy for aircraft purchase that expired last month. Accelerated, or "bonus," depreciation is widely believed to encourage the purchase of a variety of manufactured goods, including new aircraft – leading to increases in aircraft manufacture, and the jobs that come with it. The letter noted that extension of the accelerated-depreciation policy is "sorely needed now to help spur sales and create jobs."

View the letter in PDF format.

 

 

NBAA Government Affairs Contacts

For more information on the legislative and regulatory issues that affect general aviation, please contact NBAA's Government Affairs team.

Lisa Piccione
Senior Vice President, Government Affairs
(202) 783-9000

Dick Doubrava
Director, Legislative Affairs
(202) 783-9000