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GAMA Supports New Rule on Fractional Ownership

GAMA NEWS 03-26 For Immediate Release: Sep 16, 2003

WASHINGTON, DC, September 16, 2003 – The General Aviation Manufacturers Association (GAMA) is calling the Federal Aviation Administration’s new rule on fractional ownership, which will be published in tomorrow’s Federal Register, an important milestone in the evolution of business aviation.
According to GAMA President and CEO Ed Bolen, “Over the past decade, fractional ownership programs have grown to become a very important part of the general aviation industry. This rule treats them as such.”

According to GAMA, the most positive aspect of the new rule is that it recognizes fractional programs as private rather than commercial operations. The association also praised the new rule for clearly defining fractional ownership, clarifying and assigning operational control responsibilities, and codifying many of the “best practices” now being voluntarily used by fractional ownership programs.

GAMA’s enthusiasm for the new rule was tempered by restrictions on fractional programs in areas related to required runway lengths and aircrew flight and duty times that differed from the rule the FAA initially proposed in 2001.

GAMA served on the FAA Fractional Ownership Aviation Rulemaking Committee that established the philosophical and regulatory framework of the new rule. GAMA is continuing its technical review of the rule.

Communications Director:
Sarah McCann: smccann@gama.aero
General Aviation Manufacturers Association
www.GAMA.aero
Headquarters: (+1) 202-393-1500
European Office: (+32) 2 550-3900

GAMA exists to foster and advance the general welfare, safety, interests, and activities of the global business and general aviation industry. This includes promoting a better understanding of general aviation manufacturing, maintenance, repair, and overhaul and the important role these industry segments play in economic growth and opportunity, and in serving the critical transportation needs of communities, companies, and individuals worldwide.