Feedback     
Please Feedback

Airlines News

prev     prev

Emirates boosts U.S. economy by US$21 Billion

Posted : 11 July 2017 05:21:35 | By TWO Bureau | New Delhi

Emirates boosts U.S. economy by US$21 Billion

Emirates supported more than 104,000 American jobs and contributed US$21.3 billion in revenue to the U.S. economy, including US$10.5 billion to the country’s gross domestic product (GDP) and US$6.4 billion of labor income in 2015*, according to a study conducted by Campbell-Hill Aviation Group, a well-established economic consulting firm to airlines, airports and the aviation industry, with clients including U.S. and foreign airlines, more than 30 airports, financial institutions and government agencies.

 

Released on the 25th anniversary of the first Open Skies agreement signed by the U.S., the objective of the study was to quantify the annual economic impact Emirates has on the U.S. economy.

 

Sir Tim Clark, President of Emirates said: “Campbell-Hill’s data reaffirms the significant stimulative effect of Emirates’ operations on the U.S. economy. It shows we’ve brought hundreds of thousands of new travelers to the United States, helped increase competitive air transport options for over a million American and international travelers who flew with us, and contributed to increased demand for U.S. exports in aerospace and many other sectors. Over more than a decade, Emirates has progressively grown cargo and passenger operations in the U.S. on the back of customer demand, and we will continue working with our partners across the travel, tourism, aviation, aerospace and other industries, to expand and improve the products and services that we offer to our customers.”

 

Sir Tim added: “Emirates has always embraced the goals of Open Skies which are to promote increased travel and trade, enhance productivity, and stimulate high-quality job opportunities and economic growth. Delta Air Lines, American Airlines, United Airlines and their proxies continually pour money in to lobby and make unfounded accusations against Emirates, but they have never filed a formal U.S. Department of Transportation complaint against Emirates, even though this is the statutory process long relied on by U.S. airlines to address allegations of unfair competition. That itself is telling. Sitting on record profits and with employment in U.S. aviation at an all-time high, the three carriers know they don’t have a leg to stand on. Evidence repeatedly points to the benefits that Emirates bring to U.S. consumers and the economy, and the total absence of alleged competitive harm.”




Tags : #Emirates, # US, # Economy, # Billion,


News Bulletin ----------


Also on Travel World Online ----------