Regulations and Government
Airline Heavy-hitter Gamba Comes to Bizav’s Rescue
Despite the deluge of negative news about Europe’s mounting financial crisis,

Despite the deluge of negative news about Europe’s mounting financial crisis, things are not as bad as they might seem, according to Fabio Gamba, the new chief executive of the European Business Aviation Association (EBAA). The Brussels-based group predicts that business aviation is still set to grow by 4 percent this year, even in the face of a possible double-dip recession, with northern parts of Europe showing stronger growth compared with the weaker economies of the south.

Nonetheless, the new EBAA leader was quick to acknowledge that these are extremely challenging times for many of members of his organization. “We hope that the second dip of the recession will be less painful,” Gamba told AIN. “We can’t tell you yet but it looks like it will be a few tough months before we can say that we are in recovery mode.”