#United States #Washington #US Economy #job creation #General Aviation

Significant Contributions of General Aviation to the U.S. Economy

A recently updated report highlights the remarkable role of general aviation in bolstering the U.S. economy. Sponsored by a coalition of eight notable general aviation associations, this comprehensive study was conducted by PwC US Tax LLP and underscores that the sector supports over 1.3 million jobs and creates a staggering $339.2 billion in economic output across the nation.

The organizations behind this critical research include:

• - General Aviation Manufacturers Association (GAMA)
• - Aircraft Electronics Association (AEA)
• - Aircraft Owners and Pilots Association (AOPA)
• - Experimental Aircraft Association (EAA)
• - National Association of State Aviation Officials (NASAO)
• - National Air Transportation Association (NATA)
• - National Business Aviation Association (NBAA)
• - Vertical Aviation International (VAI)

Jobs and Economic Growth

Despite the hurdles that the aerospace industry has faced since the onset of the COVID-19 pandemic, the general aviation sector has seen an impressive growth spurt. In particular, it has added more than 150,000 jobs and generated an additional $92 billion in annual economic impact since the last report in 2020. This growth not only signifies resilience but also highlights the growing importance of general aviation in diverse sectors.

Pete Bunce, the president and CEO of GAMA, remarked on the vital societal benefits provided by general aviation, emphasizing that it plays a crucial role in life-saving activities. From aerial firefighting to medical airlifts, and even natural disaster responses, the general aviation sector demonstrates its indispensable value. The role of business aviation is similarly critical, offering companies the connectivity necessary to maintain a competitive edge and promote job creation.

Technological Incubator

General aviation is also considered a technological incubator for civil aviation. The innovations emerging from this segment are not only advancing the industry but are also paving the way for sustainable practices. Innovations include:

• - More sustainable propulsion systems
• - Enhanced avionic capabilities for safety
• - Advanced materials for aircraft manufacturing
• - Improved maintenance and training frameworks

Bunce noted, "These innovations reflect the strength of our industry, driven by diligent teams who engineer, build, and maintain the aircraft shaping the future of aviation."

Conclusion

To obtain a precise understanding of general aviation's impact on the U.S. economy, the study accounted for direct, indirect, induced, and enabled economic contributions, utilizing the latest available data from 2023. With the backing of prominent aviation associations, this study sheds light on the vast economic benefits and societal contributions derived from general aviation. As it continues to evolve, the industry reaffirms its essential status within the broader landscape of the U.S. economy. For those interested, the complete PwC study can be accessed for further insights.