Two new studies underscore the value of business aviation–and the high cost of not using it. Nexa Advisors studied the value of business aviation to Standard & Poor’s Smallcap 600 companies from 2005 to 2010.
Next Generation Air Transportation System
To the General Aviation Manufacturers Association (GAMA), 2010 is proving to be a little worse than last year as far as shipments of aircraft are concerned, even as billings are up slightly. And many people are asking questions about that, said GAMA president and CEO Pete Bunce, and it is fairly easy to explain. “Most of the robustness is at the upper end of the spectrum of products that we have where profit margins are larger,” he said.
Several elements of the Next Generation Air Transportation System depend on GPS-based area navigation (RNAV) and required navigation performance (RNP). RNP is essentially RNAV with onboard performance and alerting capability. The ability of the aircraft's own navigation system to monitor its navigation performance and to inform the crew if the required performance is not being met is a defining capability of RNP operations.
Progress on the FAA’s ambitious NextGen overhaul of the ATC system in the U.S. has reached a vital juncture, one in which a long list of high-tech challenges confronting developers must be addressed quickly to avoid program delays and cost overruns in the future.
If NextGen were an upcoming movie, Swim–for system-wide information management (Swim)–would get top billing for its leading role, and would certainly pick up the Best Supporting Actor award as well. That would only be fair, since Swim will provide the glue that will hold all NextGen’s myriad components together, according to speakers at a recent FAA/Air Traffic Control Association New Technologies Symposium in Atlantic City.
Airport upgrades and the Next Generation Air Traffic System are part of the Obama Administration’s plans to invest more than $50 billion in the U.S.’s transportation infrastructure in the next year, the first installment of a six-year transportation strategy that includes creating an “infrastructure bank.” White House officials said the cost will be offset by raising taxes on oil and gas companies.
Presenters at an RTCA symposium in Washington, D.C., last week warned that the FAA’s ambitious NextGen overhaul of the ATC system in the U.S. faces daunting challenges that must be addressed now to avoid delays and cost overruns in the future. But FAA officials speaking at the event also pointed to progress in deploying ADS-B (automatic dependent surveillance-broadcast) ground stations across the U.S.
President Obama announced in Milwaukee yesterday that airports and the Next Generation Air Traffic System will be part of a more than $50 billion investment in the U.S.'s transportation infrastructure in the next year, the first installment of a six-year transportation strategy that includes creating an “infrastructure bank.” White House officials said the cost will be offset by raising taxes on oil and gas companies.
Each key FAA NextGen project has an individual "metric" to measure how its development is progressing. But as the Government Accountability Office (GAO) warned recently, the FAA doesn't use "lateral" metrics that would allow senior management to track the relative progress of separate projects that must eventually work together to make NextGen happen.
The benefits of implementing NextGen and its European counterpart, the Single European Sky ATM Research (Sesar), are threefold: not only will the new procedures and technologies improve safety and efficiency, but they will also yield environmental benefits. The ultimate goal is to increase airspace capacity while reducing fuel burn, emissions and noise.