2017 Press Releases

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NBAA: New Resource Underscores Industry's Emphasis on Ethics in Business Aviation Transactions

ontact: Dan Hubbard, 202-783-9360dhubbard@nbaa.org

Washington, DC, Dec. 14, 2017 – The National Business Aviation Association (NBAA) has published a new guidance statement, “Ethical Business Aviation Transactions,” outlining best practices for ethical transactions between buyers and sellers of business aircraft products and services.

“Business aviation has always had a strong ethical culture, with regard to transactions and a host of other matters,” said NBAA President and CEO Ed Bolen. “This statement underscores our industry’s emphasis on this priority, while also providing basic, practical considerations when it comes to business aviation transactions, which can be complicated as ever.”

Developed through collaboration between industry leaders and members of NBAA’s Business Aviation Management Committee (BAMC), the statement helps identify key elements involved in business aviation transactions that reflect best practices, including compliance with federal, state and local laws, thorough maintenance of company policies and business records related to transactions, and methods for conflict-of-interest avoidance.

NBAA’s Board of Directors and Associate Member Advisory Council reviewed the statement this week during their joint meeting in Washington, DC, and it was signed by NBAA President and CEO Ed Bolen, NBAA Board Chairman Lloyd “Fig” Newton and BAMC Chair Jad Donaldson. View the full statement.

Learn more about NBAA’s efforts to promote professional ethics within business aviation. 

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Founded in 1947 and based in Washington, DC, the National Business Aviation Association (NBAA) is the leading organization for companies that rely on general aviation aircraft to help make their businesses more efficient, productive and successful. The association represents more than 11,000 companies and provides more than 100 products and services to the business aviation community, including the NBAA Business Aviation Convention & Exhibition, the world's largest civil aviation trade show. Learn more about NBAA at www.nbaa.org.

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