The Benefits Of The Aviation Industry

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The airlines companies have become the leading engine to foster the economic surplus in any country. The success of Aviation industry in the field of airlines business have made revolution in national economic in different areas among of them are increasing the gross domestic product(GDP), availability of employment opportunities and airlines also help to provide investments and earnings.
Airline Businesses are contributing to Gross Domestic Product (GDP) of a country, gross domestic product is the sum of all value in economic activities which are goods and services collected during a year in a country. The Airline businesses have become the largest contributor in economic both direct contribution and indirect contribution. The direct contribution in GDP is created by air transportation activities such as Scheduled and nonscheduled passenger airlines and cargo airlines, and for indirect contribution in GDP is obtain from all expenses of air passengers such as renting for hotel, restaurant and travel services. In 2009, Airline Businesses added to the U.S. economy was $728.2 billion, or 5.2 percent of GDP (FAA, 2011). In the whole world the Airline direct contribution in GDP is expected to rise by 3.0 percent of GDP from 2.8 percent in 2011 (Council, 2012). These contributions of GDP by Airline industries lead the also the development of countries in economical side as well as social, such as the improvement of technology and financial fitness of a country.
Secondly, Airline businesses have the major impact in the creation of jobs in different area. Both these aeronautical employments like airline services, ground handling services and non-aeronautical employments like hotel, car renting and travel agents. All these jobs and all oth...

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...d approximately $93 billion in 2008 (FAA, 2011).
Airline business is continuing to bring change and innovation the country economy to be competitiveness. The improvement of investments and creation the job opportunities by Airline has lightened the future for the emerging world. In this report many clues show that the Airlines as the role of air transportation becomes even more primary to our life, will continue to be a vital, even essential component of bringing strong economy.

Citation:
Council, T. W. (2012). WTTC Travel & Tourism Economic Impact 2012. United Kingdom.
FAA. (2011). The Economic Impact of Civil Aviation on the U.S. Economy. Washington, DC 20591: ATO Communications.
IATA. (2011). Economic & Social Benefits of Air Transport. Retrieved December 2013, from http://www.iata.org/pressroom/facts_figures/fact_sheets/pages/economic-social-benefits.aspx

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