Business Flying Lights Up General Aviation Firmament

While the FAA acknowledged that “economic uncertainties” still affect the business jet market, the rate of decline slowed last year and the agency expects a recovery in the near term. In its annual 20-year aerospace forecast, released last Thursday, the FAA is calling for “robust growth” in the long term, driven by higher corporate profits and the growth of worldwide GDP, although at rates slightly lower than those predicted last year.