NBAA Regional Forum: Great Success!

On January 30th I was fortunate enough to be able to attend the National Business Aircraft Association’s Regional Forum in Boca Raton, Florida on behalf of Embry-Riddle.  The exhibitor area and static display ramp were sold out with over 80 vendors and 20 aircraft.

The exhibitor area was packed with vendors and potential customers alike, really putting a positive vibe over the whole event.

The exhibitor area was packed with vendors and potential customers alike, really putting a positive vibe over the whole event.

The advances in technology were at the forefront in the static display area with Cessna showing off its newest revision Sovereign aircraft alongside its TTx piston rocketship and Gulfstream bringing its G280 demonstrator.  Turboprop aircraft were also shown off including a new Quest Kodiak, a Beech King Air 250, and the ever pleasing Piaggio Avanti II, rounding out the new aircraft contingent.  On the technology side, FltPlan.com was there supporting their online and mobile flight planning applications and many vendors were selling new iPad and wireless capable apps for everything from flight and performance planning to inflight wifi.  The ever changing technology is sure driving the revived business and general aviation markets!

 

Technological advances are really driving the business and general aviation markets as a whole.  New flight deck systems such as this Garmin system in a new Cessna Citation M2 are not only making pilot's jobs easier, but also making flights more safe and reliable.

Technological advances are really driving the business and general aviation markets as a whole. New flight deck systems such as this Garmin system in a new Cessna Citation M2 are not only making pilot’s jobs easier, but also making flights more safe and reliable.

The real purpose of traveling down to Boca was to interview five industry officials and get their take on the state of business and general aviation as a whole and maybe provide some insight into the future.  First I heard from Gil Wolin of Wolin Aviation Consulting, a man that grew up in the back of his dad’s V-tail Bonanza and has been in the industry for over 70 years.  He brought up the points that aircraft sales are up and that new aircraft are driving these numbers even higher, validating my point that new technology is again driving a prominent industry in a time of uncertainty.  We then heard from Mr. Steve Johns, an aviation insurance broker from Michigan with over 25 years of experience in the industry.  Mr. Johns spoke about insurance rates and that they are decreasing and have been for some time now, helping the unstable market in these times.  Mike O’Keeffe from Banyan Air Service also spoke with us about FBO and aircraft sales being positive in late 2013 and early 2014, again showing good signs for our industry at the moment.

Check out the recap of the entire NBAA Forum in Boca Raton on our COB YouTube page!

Check out the recap of the entire NBAA Forum in Boca Raton on our COB YouTube page!

To wrap this all up I just want to reassert that general aviation is such an important piece in the global economy.  It isn’t only a thing of pleasure, it is a definite business tool for everyone from middle managers to top level management in all sorts of industries.  Flying in an airplane is a true form of being able to time travel, something that people have been dreaming about for quite some time.  Being able to travel anywhere quicker than the airlines, get closer to the destination you are really going to, and still have an office to work in with wifi connectivity makes business aviation a go-to answer for any sized company or family really.  Thanks to organizations like NBAA, AOPA, and EAA and initiatives like No Plane No Gain, general aviation is on an upswing and might once again return to its glory days.

No Plane No Gain

For more coverage of the NBAA event in Boca and other ERAU College of Business and aviation news, join me on the new COB Report video series on our YouTube channel at youtube.com/user/eraubusiness and view our newest video recap on the NBAA event in Boca Raton (http://www.youtube.com/watch?v=_lmefabO_nI).

Happy flying,

Kyle

Me at NBAA BCT

 

The Future of General Aviation

My 1955 Apache with my Dad’s 1950 Pacer. Airplanes like these are mainstays in the general aviation category.

Some of you might be wondering why I’m righting a blog about the future of general aviation because these blogs are supposed to be related to student life at Embry-Riddle.  But, what about life after Embry-Riddle?  I plan to stay in general aviation as a career and I am a huge general aviation proponent and believe it is a vital component to the transportation system around the globe.  It is a pure form of time travel, and when someone is lacking a bit of time and needs to get from Point A to Point B more efficiently, regularly, general aviation is a the go-to to provide that service.

The GA industry has sure evolved since its major inception just after the Second World War, and it is still evolving today.  Just like its big brother, the airline industry, competition across the GA market on the big scale has decreased, but it is still extremely strong today.  One reason it is so strong is because of the advent of growth in the experimental aircraft category, which continues to pave the way for new, feasible aviation technologies.  Parts being non-certified doesn’t always mean bad things, unlike their general connotations.  Non-certified parts are generally cheaper and of the same quality as their certified counterparts, and sometimes they’re identical to the same, more expensive piece!

Consumer electronics are another revolutionary in the aviation industry as well.  The onset of the true Electronic Flight Bag age is here, and that was all because of the iPad.  No longer are the days of purchasing new charts every 56 days, just click “download” in ForeFlight and updated charts are at your finger tips.  Cell phones are also being used for the same application, and that sector is only going to grow like the size of their new screens.  One other consumer electronic device has revitalized flying, and that is the GoPro.  Capturing everything aviation, the fish-eyed GoPro is making waves and bringing new people to the industry, young and old.  Inflight wifi is also the next big thing that is coming to light airplanes, and hopefully soon.  Costs are going down on that technology as developments are being made.  I really think that will spark new interest in the common man with new found connectivity while on the go.

With all of these positives, there has to be a negative, and that comes in the sense of rapidly growing costs.  No longer are the days of ads with $5000 airplanes, now $500,000 gets you a nice traveling machine.  Fuel costs and associated airport fees are also skyrocketing which is only driving down the activity in and around general aviation.

Back to when General Aviation was growing rapidly. Piper offered to teach you to fly for free if you bought your own Piper J3 Cub.

I wrote this because I truly care about general aviation.  I grew up around it and always aspired of owning a company in this industry sector because of all of the great things that come from it.  True innovation happens here, and the gift of flight is given to so many here as well.  I cannot wait to see what the future brings to general aviation!

Happy flying,

Kyle