U.S. business aviation industry ‘stable,’ trade group chief says

The U.S. business aviation industry is looking a little better these days, the head of the National Business Aviation Association said Tuesday.

NBAA president and CEO Ed Bolen said flight hours of business aircraft are on the rise, as is fuel consumption, and the number of pre-owned business aircraft for sale looks to be thinning.

“I think it would be fair to say 2014, 2015 have been as stable as we’ve seen since the Great Recession,” Bolen said in a brief interview with The Eagle.

Bolen was in Wichita for Bombardier’s Safety Standdown, a three-day event at the Hyatt Regency Wichita that began on Tuesday. The standdown is an annual safety training event organized by the Canadian parent of Learjet for pilots of corporate flight departments.

This story was originally published October 6, 2015 at 11:11 AM with the headline "U.S. business aviation industry ‘stable,’ trade group chief says."