2017 NATA Aviation Leadership Conference Continued from page 55 INDUSTRY OVERVIEW AND MARKET FORECAST Richard Aboulafia Vice President of Analysis Teal Group Corporation Introduced by: Greg Schmidt NATA Board Chairman President and CEO Pentastar Aviation Richard Aboulafia, Vice President of Analysis at the Teal Group, discussed business jet market performance trends including U.S. busi- ness jet operations per year, oil prices, business aircraft deliveries, cor- porate profits, business aircraft market by class and business jet OEM strategies and positions. Mr. Aboulafia told conference participants “This is another disappointing year. Next year should be modestly better, looking at availability (and used sales). Pricing is still an issue.” He touched on a number of issues tied to the economy and how it is impacting aircraft deliveries, including how all business aircraft deliveries are under- performing GDP. Aboulafia stated, “People are not tak- ing their wealth and putting it into aviation.” Aboulafia concluded his presentation by noting, “I’m not sure busi- ness aircraft are a long-term growth story; but then again, the market is much higher than pre-2000 levels.” working on over the past several months. The project’s objective is to “provide business jet operators with a com- prehensive document describing steps they should follow to fly on sustainable alternative jet fuel.” For further informa- tion on the sustainable alternative jet fuel project, please contact Megan Eisenstein at [email protected]. BUSINESS AIRCRAFT EMISSIONS AND SUSTAINABLE ALTERNATIVE JET FUEL Leo Knaapen Chief, Industry Affairs Bombardier Introduced by: Tim Obitts EVP, Operations and Business & General Counsel NATA The final conference session was led by Leo Knaapen, Chief of Industry Affairs at Bombardier. Knaapen discussed the Business Aviation Commitment on Climate Change (BACCC) and the Sustainable Alternative Jet Fuel (SAJF) Project. Knaapen provided an overview of the emissions objectives that the business aviation community com- mitted to in 2009, including reducing carbon dioxide emissions by 50% by 2050 (relative to 2005), improving fuel efficiency 2% per year from 2010 to 2020 and achiev- ing carbon neutral growth by 2020. These objectives will be achieved through new technologies, infrastructure, alternative fuels, and global market based measures. Knaapen also offered a progress report and outlined next steps on the Sustainable Alternative Jet Fuel project that NATA staff and other industry stakeholders have been Aviation Business Journal | 4th Quarter 2017 57
