The general aviation sector has been in the doldrums for quite a while. Some blame this on increased FAA (Federal Aviation Administration) regulations, much of which occurred after 9-11 to protect airports from potential terrorists; unfortunately, these increased security requirements and increased regulations have stifled the general aviation (GA) sector. The economic crashes of 2000 and 2008 didn’t help, although, in 2003, the economy was flying high thanks to Bush Tax Cuts and stimulus, then it hit a wall again and didn’t do well until the run-up just before the 2008 crash.
The GA sector has only slightly recovered since then but not back to its 2003 highs. When Obama was elected, he railed against Corporate Jets and Fat Cats, which hurt jet and new aircraft sales. Remember when Congress went after the Auto Makers for flying their corporate jets to Washington, DC, to beg for bailouts? Public sentiment against GA was at an all-time low.
All of this had hurt aircraft cleaners and jet detailers – it made it tough to make money, but it looks like things are changing, and the number of GA Aircraft is increasing. This new Trump Administration is pro-Aviation, unlike the Obama Administration. Cutting corporate taxes will also help GA and jet sales. It looks like clear skies ahead for those in the General Aviation services business.
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There was a great article in AIN – Aircraft International News – December Edition titled; “UBS Bizjet Index Sees Post-election Surge,” by Chad Trautvetter posted on December 12, 2016, which noted the following facts; The new Trump Administration in the U.S. is widely seen as a positive, with 61 percent of those surveyed expecting the outcome of the U.S. presidential election to ultimately be positive for the business jet market, while 11 percent don’t see a positive impact and 28 percent are uncertain.
The French air force investigates a senior officer said to have used a fighter jet to fly for weekends away.
General Richard Reboul flew the Alpha Jet from an education base in Bordeaux in western France to his belongings in Provence, the Canard Enchaîné. The satirical newspaper said he is also stated to have taken a six-seat navy delivery plane at the side of a pilot and co-pilot. Gen Reboul made approximately ten journeys overall, the newspaper said. The Alpha Jet is a mild assault and advanced schooling plane manufactured simultaneously through Dassault in France and Dornier in Germany.
The French air force uses it to train fighter pilots. It will be delivered by 2018, and the backlog will increase used aircraft sales and current new inventory. More aircraft means more aircraft to clean, and more new aircraft means more corporate detailing customers. Meanwhile, along with the fractional jet market, we see jet air-taxi services increasing and Uber-style aircraft ride-sharing plans smaller companies can buy into. This means the GA sector is ready to take off again, which’s good for business. Aging and the number of GA Aircraft is increasing. This new Trump Administration is pro-Aviation, unlike the Obama Administration. Cutting corporate taxes will also help GA and jet sales. It looks like clear skies ahead for those in the General Aviation services business.
