Industry Experts Warn of Structural Risks and Unsustainable Practices
Business aviation is experiencing a record period, but industry leaders are warning of structural risks and unsustainable practices. Kevin Singh, founder and CEO of Icarus Jet, argues that the industry’s boom is driven by greed and a lack of discipline, and that it must adapt to avoid a future where it is seen as a luxury only for the wealthy. The industry’s focus on sustainability has nearly disappeared, and climate concerns are being ignored. The boom may be unsustainable, and the industry’s failure to explain its social value could make it vulnerable to public opinion and economic downturns.