One of the key events of NBAA’s EBACE Connect, on Wednesday, May 19, brought together leaders from across business aviation to offer a virtual update in lieu of the one they’d normally deliver in person at the annual European Business Aviation Convention & Exhibition (EBACE), hosted by the European Business Aviation Association (EBAA). A “lightning round” of optimism and progress transpired as nine presidents and CEOs from various OEMs addressed the 2021 market, and the opportunities borne from a challenging year.
Lightning Round: BizAv Leaders Talk About the 2021 Market
Key Takeaways:
- Business aviation leaders expressed widespread optimism for 2021 and beyond, noting that the pandemic significantly attracted new customers, including many first-time buyers, to private aviation.
- The pandemic presented challenges like supply chain issues and rising material costs, but also spurred positive developments such as enhanced remote collaboration for certification processes between regulatory bodies.
- The industry is prioritizing internal diversity initiatives and making substantial commitments to sustainability, with increased R&D in areas like sustainable aviation fuel (SAF) and ambitious long-term zero-emissions goals.
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