“[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.”
NBAA Cancels and Cuts Back Shows
With the worldwide economy still in decline, the National Business Aviation Association has canceled this year's Asian Business Aviation Conference & Exhibition (ABACE), which had been scheduled for February in Hong Kong. NBAA has also cut back its inaugural Light Business Airplane Conference from three days to two, March 13 to 14. In addition, the association has limited indoor exhibit sizes at the San Diego show to 20 by 20 feet and will reduce exhibit fees 20 percent and cut attendance fees 50 percent.