The Decline of General Aviation
General aviation, defined as all flying except the military services and commercial airlines, had fallen from its position of economic prominence in the late 1970s to record lows in the mid-1980s before recovering in the late 1990s. American GA aircraft production numbers declined down from 18,000 in 1978 to 954 in 1993, an all-time low. Regulatory restrictions, liability claims and a withering of the product innovation pipeline took their toll on the industry, driving up prices and causing some businesses to file for bankruptcy.
Read more about this topic: Advanced General Aviation Transport Experiments
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