WASHINGTON, DC, September 27, 2010 – General Aviation Manufacturers Association (GAMA) President and CEO Pete Bunce made the following statement following President Obama’s signature on the Small Business Jobs Act of 2010:

“GAMA is pleased that President Obama has signed the Small Business Jobs Act of 2010 into law.  The bonus depreciation provision included in the bill, which can be applied to both general aviation aircraft purchases and components such as engines and avionics, will allow operators to take advantage of this critical incentive before the end of this year.  As the one tax provision we asked Congress to pass to help offset the decline in sales due to the recession, we are optimistic that the small business law will help to re-energize America’s general aviation production lines and bring back lost jobs.”