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Business Jets Winging their Way out of the Financial Crisis

Written by thomas · Filed Under Aeronautics News 

November 20, 2008

thomas

DUSSELDORF, GERMANY–(Marketwire – November 20, 2008) –
2nd International IIR Conference “Business Aviation” from 20th to 22nd January 2009, Hotel Louis C. Jacob, Hamburg

Frankfurt/Hamburg, November 2008. Despite the financial crisis, business jets have become more and more popular. According to a study by the supplier Honeywell Aerospace, the development of the market for business jets is disproportionate. The industry thus expects further growth in 2009. The production will be working to capacity for the following three years and the demand will still be high (AeroBrief, 2008-10-16).

“It is no special luxury anymore to fly with a business jet today. It has become a normal, fast means of transport,” agreed Dr. Bernd Gans, President of the German Business Aviation Association (GBAA) (Focus, 2008-11-05). Gans chairs the 2nd International IIR Conference “Business Aviation”, which takes place from 20th to 22nd January 2009 in Hamburg. The event will discuss the new regulations of the European Aviation Safety Agency (EASA), the project “Single European Sky” (SES) of the European Commission and changes in corporate financing of planes.

In addition to GBAA President Gans, Eric Mandemaker, CEO of the European Business Aviation Association (EBAA), and Trevor Esling of Cessna Aircraft UK will report on developments on the business air travel market. Ministerialdirigent (assistant secretary) Franzjosef Schafhausen from the Federal Environment Ministry will give a presentation on EU emissions trading and its impact on business air travel and Peter Herr of Beechcraft Aircraft will introduce one of the plane models for business air travel. Business models for purchasing and operating company planes will be presented by NetJets Europe and Execujet Europe.

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