Contact: Dan Hubbard, 202-783-9360, dhubbard@nbaa.org
Las Vegas, NV, Oct. 23, 2019 – The National Business Aviation Association (NBAA) unveiled this week at its annual Business Aviation Convention & Exhibition (NBAA-BACE), a new report detailing the financial and economic business case for Urban Air Mobility (UAM) and its benefits for business aviation users. The report, titled Business Aviation Embraces Electric Flight, How Urban Air Mobility Creates Enterprise Value, was a joint undertaking of NBAA and NEXA Advisors, LLC.
This report is a component of a larger study released in August 2019 – Urban Air Mobility (UAM) Economics and Global Markets 2020-2040 – which was a joint undertaking with NBAA, Aviation Week Network, and other respected industry groups. The study analyzed 74 cities around the world, forecasting the financial and economic business case for UAM. To determine the ability of metro areas to capitalize on the potential of electric Vertical Takeoff and Landing vehicles (eVTOLs), the study examined each city’s needs with regards to UAM, including infrastructure, regulation, GDP, congestion, current transportation networks and dozens of other factors.
UAM is being proven in cities today, and is expected to become an increasingly important part of our transportation system in the next several years with the introduction of eVTOL aircraft. These new, battery-powered rotorcraft, which will utilize an array of emerging advanced technologies, are expected to be quieter and safer than current helicopters.
“These reports highlight the potential of eVTOLs to transform short-range air transportation, especially for those companies and individuals that use business aviation,” said NBAA Senior Vice President of Strategy and Innovation Mike Nichols, CAM, co-author of both the study and the white paper. “These companies are expected to be among the first eVTOL users because these vehicles will solve the ‘last mile’ or ‘door-to-door’ challenge by moving people quickly from a company office, to meetings in city centers that are near to existing heliports or newly constructed vertiports, or to outlying airports so passengers can depart on a business aircraft or scheduled airline flight.”
“We have long known, and NEXA’s prior studies have proven, that business aviation creates significant enterprise value for many of the world’s top performing companies,” said Michael Dyment, NEXA Advisors’ Managing Partner and co-author. “We now know that the addition of eVTOL aircraft to business aviation operators will further increase their productivity and mobility. This translates into a positive impact on long-term enterprise value.”
View NBAA TV video titled “NBAA-BACE Showcases Urban Air Mobility and Inspiring Speakers.”
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Founded in 1947 and based in Washington, DC, the National Business Aviation Association (NBAA) is the leading organization for companies that rely on general aviation aircraft to help make their businesses more efficient, productive and successful. The association represents more than 11,000 companies and professionals and provides more than 100 products and services to the business aviation community, including the NBAA Business Aviation Convention & Exhibition (NBAA-BACE), the world’s largest civil aviation trade show. Learn more about NBAA at www.nbaa.org.
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