Each year the NBAA (National Business Aircraft Association) holds a convention where the manufacturers of corporate jets, company CEOs and pilots gather to see new products and new corporate jets. This month some 25,000 individuals have gathered in Las Vegas to view the new wares, and to discuss the future of business aviation. Business aviation in general, and corporate jets in particular, have been a mainstay of large corporations in the United States as they seek to find markets around the world. Since 9/11/2001 travel on airlines has become a much more time consuming process, and for business leaders whose time is valuable airline travel just does not work. Business aviation and aircraft manufacturing account for thousands of jobs and a healthy portion of international trade and exports. The manufacturers of business jets will account for some $ 23B in sales each year for the next 10 years, and most of these manufacturers are in the United States. However, in an effort to tax the rich the Obama administration has singled out corporate jets as being toys of the rich and have called for the reduction or elimination of tax benefits for companies acquiring corporate jets. In fact the words "corporate jets" has become a dirty word in the minds of many working class men and women. Look at the "Occupy Wall Street" crowd to see just how dirty these words have become! Corporate jets have now been associated with "Corporate Greed"! The truth is corporate jets are tools little different from robots in plants, trucks to deliver product or even machinery used to manufacture Made In America products! Used properly (and most are) they are a great tool to save executive time and expense along with helping companies grow and expand - which is good for everyone! An article today by Joe Sharkey describes the mood at the NBAA Convention this way:
AT 8 in the morning, you don’t usually see so many men and women in dark suits unless it’s a memorial service. Especially here, in sunny Las Vegas. But there they were, 25,000 people representing the business aviation industry along with the extensive worldwide trade media gathered for the annual National Business Aviation Association convention, looking as grave as an assembly of undertakers who had just checked their 401(k)s. Their attire was basically just the conservative business dress suggested by convention organizers. But still, the mood on opening day seemed as dark as the apparel.He goes on to describe the emails he gets when he says corporate jets are not all bad:
Now, whenever I write that corporate aircraft, including charters, can make sense in many business situations, I get furious e-mails accusing me of going to the dark side. So let me hasten to say that I’m leaving Las Vegas in a middle seat on a commercial plane, in a row back by the restrooms, for a trip to New York that will take 12 hours, with connections.As pressure mounts to reduce or eliminate corporate jets tax breaks the business aviation market continues to slump, and a useful business tool gets demonized in the eyes of the general public. What I would like to know is what we can do to change that image and save the business aviation market. Let me know your thoughts as well. Until next time keep your wings straight and level Hersch! JetAviator7+ ps: Don't forget to sign up for our newsletter "All Things Aviation" here!