Regulations and Government
Europe’s Economy Faces Big Hit from Green Limits on Bizav
EBAA and GAMA say new report shows true costs of environmental restrictions
ExecuJet FBO at Paris Le Bourget Airport
EBAA and GAMA have warned that new restrictions on business aircraft operations could impact the economic contribution made by the industry in Europe at locations such as Paris Le Bourget Airport. © Luxaviation

Multiple government policies aimed at restricting business aviation activity could cost Europe up to €120 billion ($125 billion) in foreign direct investment (FDI) and 104,000 jobs, according to a new study commissioned by the General Aviation Manufacturers Association (GAMA) and the European Business Aviation Association (EBAA).

Published on Wednesday, the report by Oxford Economics concluded that the industry currently contributes around €100 billion to the European Union’s GDP each year but is threatened by efforts to cut aviation carbon emissions that the industry groups have said are misguided and will undermine competitiveness.