Aviation Economic Impact

Many times in this newsletter series we have discussed the fragility of the aviation industry, not just here in the United States, but also across the world. Aviation and aerospace is an industry that is highly regulated. In fact, the United States has the least regulated aerospace industry in the world relative to other countries. Yet, it is still very much regulated.

Notwithstanding all these regulations, the industry is still very fragile to economic shocks, as a result, Lawmakers and Regulators tend to anticipate challenges to the industry globally and preempt any foreseen challenges with either fresh regulations or economic support.

Many would argue that a lot of the challenges and fragility within the aviation and aerospace industry is the result of the massive amount of regulations. Yet, others argue that it is the lack of more regulations that are the cause of its fragility. Whatever your thoughts on the matter are, it is clear that the aviation industry is much more efficient and provides more service to more people at varying quality than it was before 1978’s deregulation here in the United States.

All that being said, however, we are where we are today, for whatever reason and we must act now to ensure that the industry remains viable moving forward, particularly at this time when many are forecasting severe economic challenges.

In this digest, we want to take a look at some of the programs that lawmakers and regulators Have been implementing, or thinking about implementing in order to bolster aviation and the aerospace industry.

California's aviation industry needs accountability

California has a proud history of aggressively confronting and tackling the most critical environmental issues of our time while still prioritizing the needs of working people. We’ve taken meaningful steps to make cars burn cleaner gasoline and reduce the smog that harms our communities, yet the aviation industry remains practically unchanged. California this year has the opportunity to lead the country by cleaning up the dirty aviation industry.

By David Huerta| Desert Sun?

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Space Florida could see changes as economic-development programs continue

TALLAHASSEE - As the House begins to revamp economic-development programs, Florida's aerospace agency would draw more direct oversight, with the governor controlling its board of directors. The House Regulatory Reform & Economic Development Subcommittee on Thursday backed a plan (PCB RRS 23-01) that, in part, would separate the Space Florida Board of Directors from the public-private Enterprise Florida. The bill comes as House Speaker Paul Renner, R-Palm Coast, calls for eliminating Enterprise Florida, with many of its business-recruitment programs placed under the Department of Economic Opportunity.

By CBS MIAMI?

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Aviation industry flourishes as Samia embraces economic diplomacy

In the last two years, the country’s aviation has made a step forward in terms of growth, hence positively impacting on other economic sectors, mainly tourism and trade. The latest development was announcement by the Air France that it was well on course to start direct trips three times a week ? between Tanzania and the country’s cities of Paris and Marseille. That was also in the wake of Ethiopian Airlines from Addis Ababa, which links Kilimanjaro International Airport (KIA) and Julius Nyerere International Airport (JNIA) also announcing that it will increase flights to land at Mwanza Airport to serve passengers and cargoes operations.

By James Kamala | DAILY NEWS

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India to boost aviation infrastructure as demand booms

NEW DELHI, March 20 (Reuters) - India outlined plans on Monday to invest billions of dollars in airports, aircraft and recruitment as the world's fastest-growing economy seeks to meet booming air travel demand. Growth will include new airports, more regulators and air traffic controllers, and new flying schools, Civil Aviation Minister Jyotiraditya Scindia told an industry audience. "We need to put in place the civil aviation infrastructure and capabilities that by 2047 would be able to support a $20 trillion economy within India," Scindia told the CAPA India Aviation Summit in New Delhi.

By Reuters

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Thank you for reading this week's On Aviation? digest. Do you believe that what Regulators and Lawmakers are doing will help the aviation and aerospace industry weather the tough times ahead? Please share your thoughts in the comments below, and remember to continue the conversation on our Twitter and Instagram.

Orlando - On Aviation?

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Note: The views and opinions expressed in the content shared in this digest are for informational purposes only, are solely those of the original content creators, and do not constitute an endorsement by or necessarily represent the views of On Aviation? or its affiliates.