Posted on March 8th, 2019
Ed Bolen, President and Chief Executive of National Business Aviation Association (JetOptions is a member of NBAA) wrote the following letter to the editor of the New York Times in response to the article “A Nation of Takers?,” by Nicholas Kristof (column, March 27):
To the Editor:
“A Nation of Takers?,” by Nicholas Kristof (column, March 27), paints a negative caricature of business aviation. Communities across the country and millions of workers depend for their livelihoods on business aviation, the purchase and use of small airplanes for business.
First, business aircraft have depreciated in accordance with a longstanding system that was approved by a bipartisan Congress decades ago. That system recognizes that a whole litany of assets — combines, cranes, delivery trucks, forklifts and, yes, aircraft — are necessary to companies’ ability to do business.
As many economists agree, the depreciation system grows the economy by incentivizing companies to upgrade assets, helping them continually improve on their ability to deliver products, provide services to customers, reach far-off markets and generally remain nimble and competitive in an unforgiving global marketplace.
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