Businesses that rely on aviation not only did better during the Great Recession; they are already doing better in the recovery when compared to their ground-bound competitors, according to a new study. A post on the website of the National Business Aviation Association notes that companies that utilized business aviation “mitigated revenue losses and recovered more quickly than non-users. Further, companies using business aviation were quicker to hire back employees and have significantly grown their overall workforce since 2007, relative to non-users.”
A new study unveiled at the recent National Business Aviation Association convention shows that even during the worst economic times since the Great Depression, companies that relied on business aviation outperformed the field in important measures of shareholder value and recovered from the recession more quickly than their peers across a range of industries representing the U.S. economy. The study, “Business Aviation: Maintaining Shareholder Value Through Turbulent Times,” concludes that companies in the S&P 500 that use business aviation achieved superior financial performance in a number of key measures and also displayed superior ability to respond to the severe downturn. “This answers the question as to why so many American enterprises continue to depend upon business aviation, even in — and perhaps, especially in — tough economic times,” said NBAA President and CEO Ed Bolen (pictured). Find out more here.
Registration for the National Business Aviation Associations’s 65th Annual Meeting & Convention is now available.
The convention is scheduled for Tuesday, Oct. 30, through Thursday, Nov. 1, at the Orange County Convention Center in Orlando, with a Light Business Airplane Static Display at the Orange County Convention Center and a Static Display of Aircraft on Orlando Executive Airport. NBAA2012 is the eighth largest tradeshow in the U.S. and the largest business aviation event in the world.
Attendees may now register online for NBAA2012, and for pre- and post-convention events, including the NBAA Tax, Regulatory & Risk Management Conference and Professional Development Program (PDP) courses, as well as for the NBAA/CAN Soiree, an Evening with Angels featuring Frankie Valli and the Four Seasons.
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The White House again recently reiterated its commitment to imposing new user fees on general aviation in response to a call from 195 members of Congress to abandon the proposal as “the wrong approach” for GA to pay for its use of the aviation system.