U.S. Trade Commission Files Report on Bizjet Industry

AINalerts » May 31, 2012
U.S. Trade Commission Files Report on Bizjet Industry
Three of the world’s six leading business jet manufacturers–including Cessna Aircraft (pictured in photo)–are headquartered in the U.S., where the majority of production occurs, according to an industry report released by the U.S. International Trade Commission. However, all six companies conduct at least one production-related activity in the U.S., the commission said.
May 31, 2012, 4:02 PM

“The U.S. business jet manufacturing industry is facing new challenges as it competes in a market environment characterized by tightened credit, uncertain government funding for research and development and new entrants into the industry,” according to a report published yesterday by the U.S. International Trade Commission (USITC). The commission report, undertaken at the request of the House Ways and Means Committee, covers the 2006 to 2010 period, along with all available data from 2011, for business jets with an mtow of 50,000 pounds or less.

The report provides an overview of the structure of the U.S. and global business jet industry; discusses the global market for business jets and the effects of the recent economic downturn on business jet demand; reviews government policies and programs involving the business jet industry, including those related to financial support, aircraft R&D and certification; and examines factors that could affect the future competitiveness of the industry, particularly in the U.S., Europe, Brazil, Canada and China.

Both NBAA and GAMA praised the release of the report. “This new report underscores the fact that business aviation is an essential industry, strengthening America’s manufacturing base, fostering economic development and serving as an indispensable tool for thousands of companies trying to operate in a fiercely competitive global marketplace,” NBAA president and CEO Ed Bolen said.

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Dean Brock
on June 3, 2012 - 10:25am

Hopefully this industry can do just fine without Government funding for R&D. Even the existence of this report is a questionable concept in my fiscally responsible view. Our government is operating in a perpetual state of bankruptcy, and yet is still too intrusive into our industrie's affairs. Certification dollars, maybe, but beyond that, it is just too much of a mismanaged drain on our daily operation. To put in simpler terms, how much does Greece spend on R&D for the Bizjet industry?

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