Bizav shines brightly in FAA’s crystal ball | Aviation International News

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Bizav shines brightly in FAA’s crystal ball

Business aviation continues to be a bright spot in the FAA’s annual aviation forecast, with top executives of two business jet manufacturers and the leadin

By AIN Staff • AIN Staff

April 3, 2007

Business aviation continues to be a bright spot in the FAA’s annual aviation forecast, with top executives of two business jet manufacturers and the leading fractional ownership provider presenting generally upbeat assessments at the agency’s Aviation Forecast Conference in Washington, D.C., in late March.

The FAA concurred. In its forecast for fiscal years 2004 to 2015, the agency said that despite a slowdown over the past several years, the business/corporate aviation segment continues to be the one that offers the greatest potential for future growth for the industry. Hopefully, the increased growth in fractional-ownership companies and corporate flying will expand the market for jet aircraft, the forecast said.

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