Geneva: The aviation industry generates and supports over 56 million jobs around the world as well as enough economic wealth to make it the 19th largest global economy, if it were a country, a report for the sector said on Wednesday.
The report, for the cross-industry Air Transport Action Group (ATAG) by the Oxford Economics analysis organisation, said freight carried annually amounted to 35 per cent of the value of world trade but only 0.5 per cent of the volume.
The study, "Aviation: Benefits Beyond Borders", was issued at the start of a two-day conference on aviation and the environment organised annually by the Geneva-based ATAG and attracting senior industry leaders.
Gross domestic product created and heavily maintained - like international tourism - by the industry, with its 1,568 currently registered commercial airlines, totalled $2.2 trillion, the document noted.
21/03/12 Reuters/Economic Times
To Read the News in full at Source, Click the Headline
0 comments:
Post a Comment