How Business Aviation Benefits Economies: We have all read articles about how business aviation benefits economies all over the world, and most of us appreciate the advantages it affords to corporations and private individuals. However, it’s rare we get a breakdown of the numbers. Well, a recent report published by the European Business Aviation Association (EBAA) clearly illustrates how business aviation significantly drives economic growth with case studies that show us the actual numbers.
Many of the major European GA destinations feature in the numerous case studies compiled by the EBAA. One examines Paris focusing on Le Bourget, Pontoise, and Toussus-Le-Nobel airfields and Issy-les-Moulineaux heliport. The report states that 183 business aircraft of all types are based here, representing 1,283 direct jobs with aircraft operators and 985 with FBOs and MROs. The EBAA go on to estimate a further 2,686 indirect or induced jobs which adds up to a total of almost 5,000 jobs created directly or indirectly by the industry in downtown Paris alone. The EBAA also states that the average time-savings offered by business aviation over the fastest commercial flights to or from Paris was 179 minutes.
Taking Geneva as another case study, the EBAA states there are 1,226 direct industry jobs and 4,752 total employees along the entire value chain. Here, the average time savings offered by business aviation usage over the quickest commercial competitors is 188 minutes. Over to Munich and where around 13% of Germany’s business aviation fleet is based… Its seven airports and airfields operators, MROs, and FBOs create 1,341 direct jobs with the EBAA estimating a total of 4,888 regional jobs reliant on the industry. The average time savings in Munich is listed as 189 minutes.
This report illustrates how business aviation supports economic growth both directly and indirectly and through induced effects, i.e. the positive consequences of re-spending, and the numbers stack up impressively. The EBAA’s analysis concludes that a total of approximately 374,000 European jobs are dependent on the European business aviation industry. Let’s hope that this industry continues to grow and strengthen so more jobs can be created.
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