BUSINESS AVIATION STIMULATES ECONOMIC GROWTH ACROSS EUROPE
The European Business Aviation Association (EBAA) has published an Economic Value and Business Benefits Report, outlining clearly the value derived by the European economy from the activity of Business Aviation.
The report, commissioned by the EBAA and produced by Booz Allen Hamilton in collaboration with Deutsches Zentrum für Luft-und Raumfahrt (DLR), examines the economic impact of the Business Aviation sector on the European economy (EU28 incl. Monaco, San Marino, Gibraltar, Channel Islands, Island of Man, Norway, Switzerland, Liechtenstein), building on a similar report published in 2016.
In three distinct areas, the report quantifies the value that Business Aviation brings to the European economy and businesses more specifically. First, it outlines how Business Aviation is enabling economic growth through the jobs and investment that it makes. Second, it showcases how Business Aviation is helping drive efficiencies across businesses, quantifying the time and costs savings that can arise. Finally, it demonstrates how Business Aviation can support better connectivity across Europe, particularly from hard to reach corners of the continent.
Through engaging infographics, the report then moves on to outlining the individual contribution made in each of the EU28, Switzerland, Norway and Iceland.
Speaking ahead of the report’s launch at the Annual General Meeting of the EBAA, Chairman Juergen Wiese, said: “As we gather here in Brussels as a Business Aviation community, it is helpful to be reminded of the total contribution made by the sector. From the substantive number of jobs to the simple societal benefits – such as air ambulances and medical evacuations – the sector provides a huge amount of value for the European economy and to European business.”
EBAA’s Chief Operating Officer, Robert Baltus, added: “Up and down the European continent, Business Aviation is creating jobs and enabling new investment, something that is often forgotten. Without Business Aviation in some regions, business connectivity simply would not be possible, and as a result new ventures and opportunities would never be realised. This is something positive which we must recognise, and this report aims to quantify what specifically that benefit/value looks like.”
For more details, data and statistics, please access the Economic Value and Business Benefits Report at ebaa.org.
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