“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”
Emissions Rules Could Cripple Business Aviation
Proposed federal legislation (H.R. 2454) intended to reduce CO2 emissions could seriously harm the business aviation industry, believes Bill de Decker, cofounder and president of the aviation-consulting firm Conklin & de Decker. According to his calculations, business aviation's emissions are expected to be 15 million tons in 2012, but the allowable limit will be 11 million; in 2020, they are expected to be 19.5 million tons versus 9.1 million allowable; in 2030, 23.6 million tons versus 6.6 million; and in 2050, 33.3 million tons versus 1.9 million.
"To meet the 2050 target will require an improvement in efficiency for the fleet of 8 percent for each year of the next 40 years, if we keep on using jet-A," de Decker said. "That is three to four times the average annual improvement in efficiency we have actually experienced between 1965 and today."