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NBAA Represents Members at Home and Abroad
For decades, business aviation has enabled entrepreneurial companies to reach new customers far beyond their local markets. Today, business aviation is truly a global activity. Not only are an increasing number of U.S. operators utilizing intercontinental business jets to fly nonstop to distant destinations, many overseas companies have begun to realize that general aviation aircraft are essential tools that can help them expand their businesses, too.
As a result, manufacturers of general aviation aircraft now sell a substantial number of their products overseas. In 2010 alone, U.S. members of the General Aviation Manufacturers Association generated $4.9 billion in new-airplane export revenue, and these exports accounted for 61.8 percent of the total value of U.S.-manufactured general aviation airplanes, far outpacing the value of U.S. deliveries.
Honeywell, a leading maker of engines and avionics for business airplanes, predicts that international demand will continue to drive future industry growth. In the 19th edition of its annual Business Aviation Outlook, which was released at the NBAA Annual Meeting & Convention last fall, Honeywell noted that overseas demand now accounts for 40 to 45 percent of the new-aircraft purchase plans projected over the next five years.
With so many companies worldwide embracing business aviation, it's no wonder that there has been a growing interest in events that enable business aircraft operators, manufacturers and government officials to network and share information. For more than a decade NBAA has helped stage industry-leading international shows such as the European Business Aviation Convention & Exhibition (EBACE), the premier event and annual meeting place for the European business aviation community.
Less than a year from now, NBAA and the Asian Business Aviation Association (AsBAA) will reintroduce the Asian Business Aviation Conference & Exhibition (ABACE). The 2012 show, which will be held in the new Shanghai Hawker Pacific Business Aviation Center at the Hongqiao Airport in Shanghai, China from February 28 to March 1, will mark the much-anticipated return of the first and most successful annual trade show in Asia dedicated solely to business aviation.
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ABACE will include exhibits, a static display of aircraft and on-site education sessions led by industry veterans with knowledge of the region's business and regulatory environment. The cooperation and participation of a variety of partners – from AsBAA and aviation manufacturers, to airport, city, provincial and national government officials – is designed to ensure that the event will be a success.
Everyone knows there is tremendous potential for business aviation in Asia. ABACE not only represents an excellent platform to showcase the benefits of business aviation to the region, it provides an opportunity to work with the region's regulators on policies that will support the growth of our industry.
Of course, as excited as we are about ABACE, NBAA provides many other resources to support Members' international operations, and this edition of Business Aviation Insider, with its international focus, is one such resource. For example, an article on page 12 offers security tips for your overseas missions, and if your missions take you to Europe, a feature on page 15 can help you be prepared for an aircraft safety check by European officials.
NBAA is honored to represent Member Companies' interests, whether at home or abroad, and we look forward to doing so for years to come.