A newly released study underscores the substantial role of general aviation in fostering the U.S. economy, attributing approximately 1,330,200 jobs and contributing a remarkable $339.2 billion to the national economic output. Conducted by PwC US Tax LLP and backed by eight aviation advocacy groups, the findings reinforce the significance of this sector in bolstering employment and driving financial growth.
The General Aviation Manufacturers Association (GAMA) also released an aircraft deliveries report, showcasing a commendable 13.3% increase in overall delivery dollar values, which reached $31.2 billion for 2024. Piston aircraft deliveries rose by 4.2% to 764 units, while business jets saw a 4.7% increase, matching this number. The only decline was in turboprop deliveries, which fell by 1.9% to 626 units, albeit other segments including piston and turbine helicopters enjoyed slight surges compared to last year’s figures.
The economic study, sponsored by aviation trade groups like AOPA and NBAA, highlights general aviation’s extensive contributions beyond mere numbers. GAMA’s President, Pete Bunce, emphasised how general aviation plays a critical role in vital services such as aerial firefighting, medical transport, and law enforcement, illustrating its life-saving capabilities whilst fostering competitive advantages for businesses that ultimately enhance job creation and economic stability.
AOPA President, Darren Pleasance, noted a near doubling of individuals learning to fly since the previous report in 2020. He stressed the industry’s ongoing responsibility to cultivate future pilots and aviation technicians, further demonstrating the value general aviation adds to local communities across the nation.
EAA’s CEO, Jack Pelton, remarked on the significant, yet often overlooked, contributions of general aviation to both the economy and individual freedoms, reinforcing its critical role not just in economic growth but also in nurturing relationships within communities. This insightful report illuminates the vibrancy and importance of this dynamic segment within America’s economic landscape.
A fresh study reveals general aviation’s economic influence, contributing over 1.33 million jobs and $339.2 billion to the U.S. economy. GAMA reports a 13.3% rise in delivery values to $31.2 billion for 2024. Industry leaders stress the need to support future aviators and celebrate GA’s essential role in both economic stability and community service.
In summary, general aviation’s economic impact is both profound and multifaceted, providing over a million jobs and a massive boost to the national economy. Recent statistics from GAMA corroborate this significance, revealing year-on-year growth in aircraft deliveries and financial output. Key leaders within the aviation sector advocate for a sustained commitment to nurture this vibrant industry, acknowledging its vital contributions to society and individuals alike.
Original Source: www.avweb.com
