Sat, May 08, 2010
Bolen Says Interest At EBACE "Much More Than We Hoped For"
The leaders of two of the largest business aviation advocacy
organizations on the planet say that biz-av looks like it's headed
for a strong recovery later this year, based on the interest in
airplanes at EBACE in Geneva this week.
Both Brian Humphries, CEO of EBAA, and Ed Bolen, CEO of NBAA,
are optimistic as the European business aviation convention came to
a close. Humphries told Reuters that business is returning to
normal for many of the companies involved in biz-av. "Flying is
picking up, and people are already looking to build up fleets," he
told the news service.
Bolen had similar comments, saying business activity and
interest at EBACE has been "much more than we hoped for."
The numbers seem to bear that out. Eurocontrol reports that
business aviation flights have increased 11 percent over March of
2009, while in the U.S., the NBAA reports that flights are up 12
percent in the first quarter of 2010.
But there is still reason for caution. Plane makers report
months of excess inventory of existing jets that need to be cleared
before the industry will see a significant bump in manufacturing,
and financing is still an issue as banks warily eye the economic
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