Regulations and Government
GAMA: ‘Debilitative’ Policies Cloud Thriving Industry
Taxes in Europe, tariffs, and regulation roadblocks threaten industry
GAMA president and CEO Pete Bunce
GAMA president and CEO Pete Bunce provided a policy outlook for the industry coming off a strong year. © Kerry Lynch/AIN

General Aviation Manufacturers Association (GAMA) officials this week painted a bright future for the industry with billings topping $30 billion and an economic study showing it contributes more than $450 billion to U.S. and European economies combined. But several issues threaten to cloud that picture, including taxes, tariffs, and regulations, they told the audience at GAMA’s annual State of the Industry event on Wednesday.

“It was truly the year that we proved that general aviation is integral to society and just the welfare that we have around the planet,” said GAMA president and CEO Pete Bunce, pointing to not only the economic impact studies released in the U.S. and Europe but also the humanitarian efforts that the industry engaged in after the hurricanes along the East Coast and the Los Angeles fires.

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