NBAA welcomed the release of the FAAs final rule by stating “By updating and revising its regulations governing operations of aircraft in fractional ownership programs, the FAA recognizes the demonstrated safety record of this important segment of business aviation.”
“We applaud the FAA’s effort on the creation of Subpart K and we look forward to working with the Agency on the implementation of the rule,” said NBAA President Shelley A. Longmuir. Longmuir thanked FAA Administrator Marion Blakey and FAA National Resource Specialist for Part 135, Kathy Perfetti, for their leadership and for shepherding this rule to completion.
While the rule is not completely what NBAA expected, the organization appreciated the official recognition of fractional aircraft ownership operations and the expected help new companies seeking to operate or provide this type of service. NBAA says it is continuing to review the details of the final rule and soon will release a detailed analysis of its impact.
…And NBAAs Thumbs-Up…
Key Takeaways:
- The FAA has released a final rule, specifically Subpart K, governing operations for aircraft in fractional ownership programs.
- The NBAA welcomed this new rule, stating it recognizes the demonstrated safety record of this segment of business aviation and should help new companies.
- While not entirely what the NBAA expected, they appreciate the official recognition of fractional aircraft ownership and are currently reviewing the rule to provide a detailed analysis.
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