Bizav Industry Continues To See Increased Activity | Aviation International News

Regulations and Government

Bizav Industry Continues To See Increased Activity

The optimism generated by the European Business Aviation Convention & Exhibition (Ebace), coming as it did on the heels of six months of steady improvement

By AIN Staff • AIN Staff

June 30, 2011

The optimism generated by the European Business Aviation Convention & Exhibition (Ebace), coming as it did on the heels of six months of steady improvement in the business aviation industry, dimmed somewhat at the beginning of last month, as the unemployment rate in the U.S. rose, job creation slowed, auto sales declined, home prices and stock prices dipped and consumer confidence fell.

Ebace participants arrived in Geneva heartened by six months of a steady recovery in the business aviation industry, and they left further buoyed by a return to “those thrilling days of yesteryear” that included announcements of multiple aircraft purchases valued in the nine-digit range and news of growing flight hours, a slowly falling inventory of used aircraft, and plans by numerous companies for expansion.

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