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B.' Ma~or Findings <br /> <br />Upon examining various trends which affect general aviation growth, we <br />identified six major findings. They are listed below. <br /> <br />1. Single-engine aircraft will continue to dominate the Minnesota general <br />aviation fleet. Corporate flying will continue to increase at moderate rate <br />due to forecasted increase in business related employment. By 2010~ almost <br />all aircraft will be equipped with some king of sophisticated avionics. <br /> <br />2. The cost of owning, operating and maintaining an aircraft will continue <br />to increase but at a lower rate than the past ten years. This will be <br />mainly due to the incorporation of composite materials in the development <br />of new general aviation aircraft. The rising operating costs do not <br />appear to influence the demand for the larger, more sophisticated <br />aircraft. The availability of low-cost alternatives such as ultra-lights <br />may influence the demand fo~ reCreational/pleasure flying and thus reduce <br />the demand at various FAA facilities. The cost of aviation fuel will <br />continue to be at high levels~ given the existing demand/supply conditions <br />(for petroleum products). <br /> <br />3. The total number of aircraft hours for business-related trips will <br />continue to increase at the same rate as in the past five years. The <br />deregulation of airline industry has caused overcrowding and longer delays <br />at many commerical airports in the nation. Since many corporate executives <br />place a big monetary value for their time; they will use general aviation <br />more often than before.to meet their travel needs. <br /> <br />4. By 2010, more than one-fourth of Minnesota's single engine fleet will <br />be replaced by either new or used aircraft which will be equipped with some <br />kind of sophisticated instrumentation. <br /> <br />5. Increasing number of turbo-props and turbo jets will be joining the <br />corporate fleet. Significant innovations in telecommunications may affect <br />the travel requirements of businessmen but this is not known for certain. <br />The improvements in aircraft fuel-efficiency may not offset future price <br />increases in fuel. <br /> <br />6. The continued growth of strong economy for the Twin Cities region <br />indicate that business flying will continue to increase. The steadily <br />increasing trends of personal disposable income shows that <br />personal/pleasure flying may increase in future. <br /> <br />MC172A <br /> <br /> <br />