The Role of Aviation in the Economy and the Importance of Safety Regulation This session " Review the economic value of aviation " Recognise the importance of aviation safety " Put the changes in legislation and regulation in context " You identify key changes in which ASSI needs to know about. Economic Impact of Aviation " ICAO review: cThe Economic Contribution of Civil Aviation d " IATA and ATAG work " AACI research. Economic Impact of Aviation " Direct and indirect effects " Multiplier.
Aviation in the World Economy " +2 billion pax journeys " 45 million tonnes of freight " 4.5 m jobs directly on airports " Growth rates of: 4 3 7% for passengers 5 3 9% for freight and mail . Multiplier effect For both jobs and value added: " Multiplier is approx. 1.7 " For every $100 spent in aviation, $170 spent in associated industries " For every 100 jobs in aviation, 170 jobs in associated industries.
Global Aviation " In total c 14m jobs world wide depend on aviation " Total value US$880 billion " Over 10% of the world 9s GDP. cAirports are engines of economic growth d AACI Research Paper 2006 Importance of Aviation to ... more. less.
The Territories " Communications " Tourism. Communications " Access to the islands 3 Business 3 Residents " Social cohesion within the islands " Freight, mail and packages.<br><br> Tourism " World wide, 40% of tourists travel by air " For the Territories&.. bit more complex!. Importance of Safety " Accident rates?<br><br> " 1 accident = 30% reduction in tourism " Low safety standards 3 economic impact " Safety and offshore register " ICAO/EU/IASA assessments. Managing Safety 3 the Role of the Regulator Industry is responsible for its own safety " Safety Management Systems " Legislation and means of compliance " Enforcement " Regulator needs to be: 3 Well staffed, with well trained staff 3 Well organised 3 Well funded. Charges " ATS charges " Airport charges " Regulatory charges " ICAO Rules " Regulation?<br><br> Future developments " Website usage " AIP online " Other initiatives? Economic Impact of Aviation " Aviation 9s massive impact on economy in finance and employment " Safety = Profitability " Safety needs a good regulator, well organised, staffed and funded " System needs to be right . Thank you Comments or questions<br><br>