Doug Gollan, contributor for Forbes, asked 30 industry CEOs about the 2018 outlook for business aviation, including about the looming pilot shortage affecting every corner of the aviation industry. Executive AirShare President and CEO Keith Plumb answered: “Business looks good.”
See below for Plumb’s excerpt and read the full story on Forbes.com.
“Business looks good. The effects of the tax bill should pay benefits for business aviation users, including the 100% depreciation expensing on new and used aircraft. Also, oil prices have been sustaining levels over $60 a barrel since the first of the year, which in the Central U.S., is beneficial to our customers who are in the energy sector.
“Our industry will continue to be challenged by the pilot shortage. Overall operating costs for private aircraft will increase as pilot salaries are on the rise due to the high demand from commercial airlines coupled with a generation not interested in aviation. We need to improve efforts to influence our country’s youth to get involved with general aviation.”