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
Famous quotes containing the words decline and/or general:
“The decline of the aperitif may well be one of the most depressing phenomena of our time.”
—Luis Buñuel (1900–1983)
“The general review of the past tends to satisfy me with my political life. No man, I suppose, ever came up to his ideal. The first half [of] my political life was first to resist the increase of slavery and secondly to destroy it.... The second half of my political life has been to rebuild, and to get rid of the despotic and corrupting tendencies and the animosities of the war, and other legacies of slavery.”
—Rutherford Birchard Hayes (1822–1893)