NBAA President Addresses State of Business Aviation at Regional Forum

Event in Opa Locka, Florida was the first such NBAA event since 2020.

Michael Wildes

Thursday, February 03, 2022 at 03:32 PM ET

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“This is an exciting time for business aviation,” NBAA president Ed Bolen said. [Courtesy: NBAA]

Key Takeaways:

The business aviation industry is experiencing significant growth and demand, leading to strong sales and low inventory, but this rapid expansion brings challenges requiring sharp execution.
Key priorities for the industry include embracing Sustainable Aviation Fuel (SAF) to achieve net-zero emissions by 2050 and developing infrastructure to accommodate emerging technologies like advanced air mobility.
Workforce recruitment and retention are critical challenges, with efforts being made to build a robust talent pipeline through creative strategies and programs such as the Flying Classroom Bombardier Academy.
The industry is also focused on leveraging new infrastructure bills and favorable tax incentives, like bonus depreciation, to support growth and facility modernization.

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The National Business Aviation Association (NBAA) hosted its first regional forum Wednesday in Opa Locka, Florida. It was its first of such events since February 2020, before the pandemic disrupted events of all sorts.

Indeed, it is clearly a unique time in the industry, as global trends have caused travelers to flood to business travel either through purchasing airplanes, or tapping the charter market for rides.