Congress shows support for federal contract towers

Lawmakers in the U.S. House of Representatives and Senate recently sent letters to FAA Administrator Michael Huerta reiterating congressional support for the preservation of 252 federal contract towers.

Fifty-five senators signed a July 31 letter imploring Huerta to consider “all perspectives” in what appears to be an effort to streamline tower operations as the agency continues to deal with budget pressures, according to a report on the National Business Aviation Association website.

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Business flying ticks up

Ed Bolen

Ed Bolen

Speaking at the opening session of the European business aviation conference in Geneva, held May 19-21, Ed Bolen, president and CEO of the National Business Aviation Association, said he is pleased all indicators are up for business flying.

Announcements of new products from Gulfstream and Dassault, Bolen said, are welcome signs of confidence of the underlying strength of the bizav industry.

Fabio Gamba, CEO of the European Business Aviation Association, echoed Bolen’s comments, stating that he believes the worst years of the global economic downturn are over. He predicted 2014 is going to be a “positive and exciting” year.

Companies that use GA doing better in economic recovery

Businesses that rely on aviation not only did better during the Great Recession; they are already doing better in the recovery when compared to their ground-bound competitors, according to a new study. A post on the website of the National Business Aviation Association notes that companies that utilized business aviation “mitigated revenue losses and recovered more quickly than non-users. Further, companies using business aviation were quicker to hire back employees and have significantly grown their overall workforce since 2007, relative to non-users.”

New study highlights the value of bizav during ‘The Great Recession’

Ed Bolen

A new study unveiled at the recent National Business Aviation Association convention shows that even during the worst economic times since the Great Depression, companies that relied on business aviation outperformed the field in important measures of shareholder value and recovered from the recession more quickly than their peers across a range of industries representing the U.S. economy. The study, “Business Aviation: Maintaining Shareholder Value Through Turbulent Times,” concludes that companies in the S&P 500 that use business aviation achieved superior financial performance in a number of key measures and also displayed superior ability to respond to the severe downturn. “This answers the question as to why so many American enterprises continue to depend upon business aviation, even in — and perhaps, especially in — tough economic times,” said NBAA President and CEO Ed Bolen (pictured). Find out more here.