Economic impact of business aviation in Europe

January 2009

PwC carried out extensive research into the business aviation sector between May and November 2008, in order to estimate the impact the industry had in 2007 on the European economy.

The analysis revealed that the business aviation sector contributed a total of €19.7bn in annual gross value added (GVA) to the European economy in 2007, accounting for approximately 0.2% of the combined GDP of the European Union (EU), Norway and Switzerland.

The report also showed that France, Germany and the UK are the countries most impacted by the business aviation industry. The total impact of business aviation in these three countries was €12.6bn in 2007, which represented 64% of the total industry GVA in Europe. Their combined share of total business aviation employment in Europe was 75%. Together, they also accounted for 73% of the wages and salaries generated by the industry in Europe.

The study also investigated the user benefits associated with business aviation. These included the facilitation of business links with relatively remote regions and the time savings offered by business aviation.