FAA: long-term outlook rosy for business aviation
While the FAA is calling for “significant” continued growth “over time” for commercial aviation, it sees “strong growth in business aviation demand continu
While the FAA is calling for “significant” continued growth “over time” for commercial aviation, it sees “strong growth in business aviation demand continuing, driven by a growing U.S. and world economy as well as a growing fleet of very light jets (VLJs).”
In releasing its “FAA Aerospace Forecast” for Fiscal Years 2008-2025, the agency acknowledged that VLJs, with their relatively inexpensive operating costs, might redefine “on-demand” air-taxi service. “Next year, we project that 400 units will join the fleet, with that figure growing to 450 to 500 a year through 2025,” the FAA said. “Partly because of the influx of new VLJs, the number of general aviation hours flown is projected to increase an average of 3 percent a year through 2025.”
