November-December 2022 - 5

PUBLISHED BY
INSIDE THE FENCE
AUTHOR Joe Petrie, Editorial Director
VOL. 37, NO. 2
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The Long and Winding Road
We all know that aviation is the backbone
of the nation's transportation system, but it's
amazing how unbreakable the network is.
Since the turn of the century, we've seen
the 9/11 terrorist attacks, two recessions,
the global financial meltdown, a sizeable
winnowing of commercial air carriers via
consolidation, years of stopgap FAA reauthorization
agreements, pilot shortages, lack
of mechanics, lack of ground support crews,
shortage of line techs, improperly vetted
aircraft, FBO consolidation, skyrocketing
educational costs, ballooning fuel costs,
diesel shortages, an unprepared network
for booming civilian UAS traffic, PFAS,
an aging infrastructure system, global pandemic,
cyberattacks and a uptick in passenger
violence inside terminals and airplanes.
And all things considered? We're not
doing too bad.
While attending NBAA-BACE in
October, I was amazed how upbeat the
industry remains despite all the unpropitious
situations continuing to rear their heads.
Honeywell's Global Aviation Outlook
forecasts anticipates a 9 percent increase in
business aviation traffic this year coupled
with 15 percent growth in jet deliveries
and expenditures over the next decade.
Meanwhile Hopper predicted one of the
most expensive holiday travel tickets in
the past five years with such high demand
for travel.
The jump to business aviation appears to
be real. Thanks to competitive pricing from
charter providers and flexible scheduling and
ease of use, we can expect a continued surge
in usage and traffic growth for airports of
all sizes across the country.
Even the specter of a recession isn't
weighing too hard on the industry. No one
is dismissive of this threat; but there's an air
of confidence as to how everyone will fare
and how bad it could possibly be.
I'm also seated in optimistic class. That's
why I see another great year for aviation
ahead as we move another year past the pandemic
and back to normal. With that in
mind, here are my five predictions for 2023:
1. Long-term FAA Reauthorization will
pass. Don't expect big changes, but
another stretch of stability lies ahead.
2. Airside electrification will make a big leap.
Expect big investments from major airports
on all-electric equipment this year.
3. Travel gets back to business. Expect more
businesses to invest in business travel as
the reality of conducting deals on Zoom
doesn't have the same impact.
4. The pilot shortage gets relief. Airlines are
on a hiring spree now. The trained pilots
will come online in the new year and
flights will return.
5. The recession won't be as bad as predicted.
Famous last words, I know, but
the tech sector is getting
the brunt of the burn while
other areas of the economy
are still rolling.
Thanks for reading this year
and I can't wait to see you all
in 2023!
Have a story to tell?
Coming up in the January/February issue
Special Feature: Projects of the Year
Research: Capital Outlook 2023
Equipment: Airside Equipment
Technology Talk: Smart Restrooms
» Contact Joe at Joe@AviationPros.com
NOVEMBER/DECEMBER 2022 \ AVIATIONPROS.COM / 5
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November-December 2022

Table of Contents for the Digital Edition of November-December 2022
