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Canadian business aviation generates $10.7bn; 43,200 jobs annually

The Canadian Business Aviation Association’s (CBAA) just-released 2016 Economic Impact of Business Aviation in Canada study reveals a dynamic industry that is a catalyst for economic growth and trade, and a major part of Canada’s world-class aerospace sector.

Sponsored by Bombardier Business Aircraft, Pratt & Whitney Canada and CAE, the study expands on CBAA’s 2014 report by including data from both business aviation operations and manufacturing.

“It was a natural evolution of our first study” said CBAA president and CEO Rudy Toering. “Canada is home to some of the world’s largest and most successful business aviation-related companies. Our new report allows the CBAA to capture and communicate the impact that all of our members - operators and manufacturers - have on this country.”

The report shows that business aviation generated $5.1bn in GDP, $730m in taxes, and operated out of every province and territory. It is also an extremely well-paying sector, boasting an average annual income of about $80,600, 66% higher than the national average wage of $48,600. Each business aircraft operated in Canada generates a total of 12.4 jobs, $820,000 in wages and $2.9m in economic outputs every year.

“A big part of using this report will be as a tool to educate policy-makers and other thought-leaders” Toering explained “For example, right now we are being threatened by new taxation rules that is already causing people to delay or cancel aircraft purchases. We can demonstrate that this could lead to a loss of almost 13 jobs and over $800,000 in wages for every aircraft that ceases operation. Since business aircraft operate out of every province and territory, the government is putting high-wage employment at risk everywhere.”

With thirteen case studies that demonstrate the real-world value of business aviation and additional external information that proves the superior financial performance of companies which use business aviation as a corporate tool, the report illustrates how business aviation acts as a catalyst for growth and a competitive advantage.

The report will receive a wide distribution to Canadian government officials, members and the international business aviation community, among others.

“We are working very closely with our counterparts in other jurisdictions to increase awareness of the value of business aviation internationally” Toering said “I think our report can support this effort not only in Canada but everywhere else that business aviation operates.”

The full report, including an executive summary, and a copy of the presentation made at CBAA 2016 is available on the CBAA website

BlueSky Business Aviation News | 25th August 2016 | Issue #380