Aviation sector fuels $20.7B annually in economic activity

By Stabroek News On In Guyana News |
Director-General of the Guyana Civil Aviation Authority (GCAA) Lt. Col (Ret’d) Egbert Field (left) and Director of Air Transport Management Saheed Sulaman at yesterday’s press conference to share the findings of a report on the impact of the aviation industry to Guyana’s economy.
Director-General of the Guyana Civil Aviation Authority (GCAA) Lt. Col (Ret’d) Egbert Field (left) and Director of Air Transport Management Saheed Sulaman at yesterday’s press conference to share the findings of a report on the impact of the aviation industry to Guyana’s economy.

A study has found that the aviation sector generates roughly $20.7 billion in local economic activity every year.

The US$50,000 study, conducted by the UK-based Oxford Economics Limited, also found that the aviation industry impacts several sectors, including trade, communication and the hotel industry and supports approximately 12,000 jobs.

Yesterday, Director-General of the Guyana Civil Aviation Authority (GCAA) Lt. Col. (Ret’d) Egbert Field told reporters at a press conference that the study, ‘The Impact of Aviation on Guyana’s Economy- A report for the Guyana Civil Aviation Authority,’ would also be used as a baseline so that similar studies can be conducted.