Sky-high stakes: Business aviation’s vital role in Europe faces headwinds from growth-stifling regulations
Oxford economics study tallies business aviation’s substantial economic contributions but warns that restrictive policies could jeopardize jobs, investments and essential services across the continent.
Competitiveness on the line
€120 billion
- Estimated losses in FDI by 2030 in Europe if governments adopt proposals to cap short-haul flights and place airport slot restrictions on business aviation.
- That also would weaken the EU’s competitive position in existing and emerging global markets.
FDI at stake
Foreign Direct Investment losses assuming restrictions on flights below 1000 kms plus slot restrictions for business aviation at major airports by 2030, in billions of euros.
FDI is recognised by the European Commission as a driver of competitiveness & economic development.
Jobs at risk
104,000
- Estimated reduction in direct employment by companies invested in Europe by 2030.
- Fallout would be felt in large part in Germany, France and Poland, which have high levels of FCE activity.
Environmental solutions
80%
- Potential cut in CO2 emissions per flight using Sustainable Aviation Fuels (SAF), a viable path to decarbonisation that the industry favors.
- A slow SAF rollout in the EU, lacking adequate flexibilities like a book-and-claim system, risks undermining the industry’s target of 100% SAF adoption by 2050.
- Smart policies can enable decarbonisation while maintaining European connectivity & competitiveness.
Economic Benefits
€100 billion
- Economic value generated by business aviation, employing about 94,000 workers in Europe and directly supporting a
€44 billion GDP contribution. - Through the sector’s supply chain purchases and workers’ compensation, an additional 355,000 jobs and €56 billion in GDP are supported.
Jobs at stake
Reduction in direct employment in top countries by foreign-controlled entities under flight restriction below 1000 km and slot limits for business aviation at major airports by 2030, in employee headcount.
Essential services
70,000+
- Number of emergency medical and humanitarian flights by business aviation networks in 2023, reaching EU communities with limited access to specialised care.
- Proposed restrictions would jeopardise these vital, life-saving services.
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SOURCE: Oxford Economics: The Socio-Economic Benefits of Business Aviation in Europe