Wed, Sep 17, 2003
GAMA is calling the
FAA’s new rule on fractional ownership, which will be
published in today's Federal Register, an important milestone
in the evolution of business aviation.
According to GAMA President and CEO Ed Bolen, “Over the
past decade, fractional ownership programs have grown to become a
very important part of the general aviation industry. This rule
treats them as such.”
According to GAMA, the most positive aspect of the new rule is
that it recognizes fractional programs as private rather than
commercial operations. The association also praised the new rule
for clearly defining fractional ownership, clarifying and assigning
operational control responsibilities, and codifying many of the
“best practices” now being voluntarily used by
fractional ownership programs.
GAMA’s enthusiasm for the new rule was tempered by
restrictions on fractional programs in areas related to required
runway lengths and aircrew flight and duty times that differed from
the rule the FAA initially proposed in 2001.
GAMA served on the FAA Fractional Ownership Aviation Rulemaking
Committee that established the philosophical and regulatory
framework of the new rule. GAMA is continuing its technical review
of the rule.
GAMA is a national trade association headquartered in
Washington, DC representing over 50 manufacturers of general
aviation aircraft, engines, avionics and related equipment. GAMA's
members also operate fleets of aircraft, fixed based operations at
many airports, and pilot training and maintenance training
facilities.
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