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For Immediate Release: 09-27-2010

General Aviation
Manufacturers Association

Headquarters: (+1) 202-393-1500
European Office: (+32) 2 550-3900

GAMA Statement On The Extension Of Bonus Depreciation For 2010

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.”

GAMA is an international trade association representing over 80 of the world's leading manufacturers of general aviation airplanes and rotorcraft, engines, avionics, components and related services. GAMA's members also operate repair stations, fixed based operations, pilot and maintenance training facilities and manage fleets of aircraft. For more information, visit GAMA's website at www.GAMA.aero.