Economics and General Aviation

Paper Summary:

This paper discusses the general aviation industry - its history and development. General aviation is defined as the segment of aviation other than commercial. The first section provides a brief overview of this industry, mentioning the issue of scarcity of facilities. It then discusses growth and number of the industry and this section includes charts and tables. Finally the writer examines how the general aviation history was effected by the 9-11 terror attacks.

From the Paper:

"From the mid 1980's until the early 1990's, general aviation as an industry was in decline. New piston aircraft manufacturing was down. Pilots flew less, and many maintenance shops closed entirely. The supply of avionics technicians dwindled as many transferred to other careers due to the poor economic prospects. Compounding the situation is the demographics of the aviation shops in existence. On average, small avionics shops (ten employees or less) employ technicians who are over the age of 43. Seventy percent of small avionics shop owners are over the age of 53. Organizations such as the Aircraft Electronics Association (AEA) have scholarship programs to encourage new entrants into the field. However, most who graduate will end up working for the commercial airlines, lured by salaries and options.2 "

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