Improving Efficiency of EU Airspace Could Yield €245 Billion Reward, IATA
IATA has released a new study projecting that Europe could gain 1 million jobs and get €245 billion boost in prosperity by 2035 from airspace modernization.
Today, the air travel sector supports 11.7 million European jobs and $860 billion of European GDP, IATA states. But IATA describes the sector as “inefficient.”
Because of systematic inefficiencies, the airline association says, flight distance is nearly 50 kilometers longer than it needs to be and flights run with an average delay of 10 minutes.
