EBAA Points To Triple Dip in Europe | Aviation International News

Regulations and Government

EBAA Points To Triple Dip in Europe

The downturn in business aviation traffic has EBAA perplexed but trouble the east is stunting overall progress.

EBAA CEO Fabio Gamba

By Ian Sheppard

May 20, 2016

EBAA comes to Geneva as it ponders its own ambitions and expansion against a confusing economic backdrop. Speaking at a pre-EBACE press conference on the 27th floor of The Hotel in Brussels on April 27, the association’s CEO, Fabio Gamba, acknowledged that the picture isnt very positive and is in fact confusing. Europe’s business aviation activity dipped last year over the previous year, and the farther east the worse the picture looks. While the situation in Russia is known—a combination of a political stand-off with the EU and the commodities crisis that has suppressed the BRICS nations—the overall figures point to a move into the third dip of a “triple-dip recession” with a curious break away from the usual correlation with GDP.

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