Sat, Dec 12, 2020
Aero-News: Quote of the Day
ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.
Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.
Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.
Let us hear from you, folks!
Aero-News Quote of the Day
"For more than 56 years, the National Championship Air Races has carried on a proud legacy. Now, that legacy is in jeopardy due to financial hardship from the COVID-19 pandemic. We are asking for help by launching a fund raising campaign to 'Save The Races' with the goal of raising $500,000 by the end of this year... Canceling was not a decision that was made lightly, and the repercussions have been significant both fiscally and emotionally. We greatly missed our September Family but safety and following Nevada’s restrictions on gathering size unquestionably had to be our priority as we sought to preserve the long-term viability of the Reno Air Races. Because of the cancellation there is a large gap between where we are and where we need to be financially.... Going into 2020, we already had challenges as cost increases outpaced income. While the 2019 event was successful with great racing, performers and increased non-local attendance our organization still experienced a significant
financial loss, largely due to an unexpected increase in insurance premiums of $160,000. While the team budgeted accordingly for 2020, any opportunity to recover was completely cut off by COVID-19 and instead the issue was compounded."
Source: Portions of statements made by the Reno Air Race organization as they seek donations to allow them to survive the damage wrought by the Covid-19 pandemic.
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