Aug. 25, 2016
A recently released study prepared for the Canadian Business Aviation Association (CBAA) has quantified the total economic impact of business aviation in Canada. According to the report, business aircraft operations and manufacturing in Canada produce 43,200 full-time jobs and generate C$3.1 billion (U.S. $2.4 billion) in wages, C$5.1 billion in GDP and C$10.7 billion in total economic output.
The report notes that Canada has approximately 1,900 business aircraft (76 percent fixed wing and 24 percent rotorcraft). Ontario has the most aircraft (504), followed by Alberta (419), Quebec (364) and British Columbia (288), with 316 based in other provinces and territories. Also, Canada is the world’s second-largest manufacturer of business aircraft.
“Our new report clearly demonstrates the value of our sector to Canada,” said Rudy Toering, CBAA’s president and CEO. From an operations perspective only, each business aircraft in Canada contributes significantly to the nation’s economy, he explained. “The total economic impact generated by each aircraft creates nearly 13 jobs, C$800,000 in wages, with a total GDP of C$1.4 million and a total economic output of C$2.9 million.
“Business aviation in every country shares many of the same challenges in educating decision-makers on how business aviation drives economic success,” Toering added. “CBAA is working with IBAC [the International Business Aviation Council] and other business aviation associations, especially NBAA, to address our common challenges and strengthen our national and international advocacy.”
This new economic impact report is an expanded version of a 2014 study commissioned by CBAA and conducted by InterVISTAS Consulting. The 2016 study includes the economic impact of business aircraft manufacturing, combined with the data on operations and augmented by 13 case studies.
International Business Aviation Council Ltd.