- Advocacy & Policy
- Research Center
May 11, 2010
Signs of recovery in the business aviation industry are very gratifying as reported at last week’s 10th annual European Business Aviation Convention & Exhibition (EBACE) in Geneva. Upticks in first quarter flight traffic were reported in Europe and the United States, and the show reported strong attendance and sold out exhibit and static display space. The business aviation industry contributes around $150 billion to the U.S. economy and generates 1.3 million jobs.
“We are particularly pleased, but not surprised, that business aviation flights are climbing so early in this economic recovery.” AIA President and CEO Marion C. Blakey said. She noted businesses tend to invest in necessities in the early stages of a recovery, not luxuries, and the upward trend for business aviation underscores the vital role it plays for companies all over the globe. “We were confident that this sector of our industry aviation would rebound in time and, happily, it seems to be occurring ahead of expectations.”