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 saw an unexpected surge in new and first-time customers during the pandemic, leading to a strong and optimistic market outlook for 2021 and beyond, with anticipated growth surpassing pre-pandemic levels.
- The industry adapted to challenges like supply chain issues by embracing remote collaboration, which notably improved regulatory cooperation and streamlined certification processes.
- OEM leaders emphasized significant commitments to sustainability, including increased R&D for sustainable aviation fuel (SAF) and ambitious zero-emission goals, alongside a focus on improving diversity within their companies.
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