Commissioned by the European Business Aviation Association and undertaken by Booz Allen Hamilton in collaboration with Deutsches Zentrum furLuft and Raumfahrt, the European Business Aviation Economic Value & Business Benefits Report sets out a methodology, looks at themes and pulls data provided by a fresh research. The report divides into two parts:
- Part 1 focuses on economic growth, business efficiencies and connectivity while outlining the contribution made by this vitally important sector to our communities, businesses and region.
- Part 2 focuses on the specific contribution made to individual countries within Europe through engaging infographics and then concludes by doing the same for the entire region.
Here are just a few of its significant findings:
- A total of some 374,000 European jobs are either directly or indirectly dependent on the European Business Aviation industry – a number exceeding the total number of jobs in Cyprus;
- The industry represents EUR87 billion in Output, EUR32 billion in Gross Value Added, which equals the total Gross Added Value (GVA) of Latvia, and EUR25 billion spent in Salaries;
- The effect of Business Aviation over the EU28 GVA is about 0.19%;
- France, Switzerland, Germany and the UK are the main players in the sector, producing 76% of the total GVA of the industry;
- Out of the above total, 192,000 of the sector’s jobs stem from the operation of business aircraft, i.e. jobs with aircraft operators, maintenance firms (MROs) and ground handlers/fixed-base operators (FBOs); and
- Germany, the UK, Switzerland, Italy and France, are the key locations where business aircraft operate. They account for 57% of all direct, indirect and induced jobs in business aircraft operation. At the regional level, major centres for Business Aviation activities are Paris (Île-de-France), Greater London and Geneva.
- For multi-trip Business Aviation itineraries (where Business Aviation users visit more than one destination in a given day), Business Aviation saved European businesses approximately EUR15 million in avoided overnight hotel nights per year.
- On average, the productive work time for each employee utilising Business Aviation is increased by around 153 minutes per trip (representing an increase of about 150%) when compared with the productive work time available on a commercial flight.
- Business Aviation in Europe serves 25,280 city or area pairs not connected by nonstop commercial flights (direct flights), which represent approximately 31% of total city pairs analysed in this study. In short, nearly 1 connection out of 3 is not connected by any direct commercial flight, meaning the connection wouldn’t exist without Business Aviation.