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Business Aviation (BA) Generates €100 Billion in Economic Value, GAMA Study Reveals Critical Policy Threats
But proposals by EU regulators to cap short-haul flights and place slot restrictions on BA in certain airports would make Europe a less attractive destination for business, according to the study.
While acknowledging the need to reduce aviation's environmental footprint, the study said restrictive regulations could lead to troubling outcomes, including decreased BA activity that would cut FDI in EU member states by €76 billion-€120 billion by 2030 and reduce foreign-controlled entities (FCEs) direct employment in the EU by 57,000-104,000 by 2030.
The study said the employment fallout would be mostly felt in Germany , Italy and Poland , which have high levels of FCE activity and would experience larger connectivity losses.
Holger Krahmer, SG, EBAA.
While these policies could reduce BA emissions, the environmental benefits would be limited. In 2023, only 0.8% of all aviation emissions or 0.04% of overall CO emissions in the EU were attributed to BA.
Meanwhile, research has showed that increasing the use of Sustainable Aviation Fuels (SAF) has the potential to reduce CO lifecycle emissions per flight by up to 80% and could offer an effective path towards decarbonising the sector while preserving its economic benefits.
The industry has committed to ambitious goals, aiming for net-zero carbon emissions by 2050. The study underscores the need for effective R&D and industrial policies to support the development of a robust SAF supply chain in Europe to yield additional competitiveness benefits.
Kyle Martin , VP European Affairs, GAMA.
https://www.oxfordeconomics.com/resource/the-socio-economic-benefits-of-business-aviation-in-europe/
View original content:https://www.prnewswire.co.uk/news-releases/business-aviation-ba-generates-100-billion-in-economic-value-gama-study-reveals-critical-policy-threats-302362266.html