Business aviation is “a prime enabler for regional economic development” says an influential report commissioned by the European Business Aviation Association (EBAA). The report claims that the average time saved using a corporate aviation flight is 127 minutes over a commercial service. It also notes that business aviation serves 31% of routes not served by non-stop commercial flights – some 25,280 city pairs. The report also makes some interesting observations relating to business efficiency, including reduced access time to and from business aviation airports compared to large commercial airports.
The study puts the overall impact of business aviation on European Gross Domestic Product (GDP) at 0.2%. It identifies 371,000 jobs directly or indirectly dependent on the European business aviation sector and indicates that it adds €98 billion in output, €27 billion in GVA and €21 billion spent in wages. Unsurprisingly, Germany, France and the UK represent some 63% of the market.
The report was produced by strategy consultants Booz Allen Hamilton in conjunction with Deutsches Zentrum für Luft-und Raumfahrt (DLR).