FAA: GA to grow slowly over next 20 years
February 22, 2011, 03:44 pm
Though general aviation is expected to continue to grow over the next two decades, the growth will occur at a slow pace, according to the Federal Aviation Administration.
The group released its annual aviation forecast, and in it, noted that general aviation fleets are only expected to grow at an average rate of 0.9 percent within the next 20 years. The projection rate includes an expected 2.6 percent increase in rotorcraft sales, but only a mere 0.2 percent increased in the sale of fixed-wing pistons, according to the group.
Hours flown by GA fleet are expected to increase by an average of 2.2 percent per year, the agency reported.
In addition to projections for the years ahead, the forecast also reflected 2010 data, which showed decreases in many aviation related industries. For general aviation, the FAA reported a 5.1 percent decline in activity for last year.
Even small increases in the number of private planes in the skies can potentially increase the risk of an accident. Pilots could benefit from considering pilot insurance, which can help provide for their families in the event that they are fatally injured as a result of an aviation accident.
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