The Growing Interdependence between the Aviation Industry and the Economic Development of Nations

Paolo Rizzi and Cristiano Rizzi

Chapter 2 in The Impact of COVID-19 on World Aviation Industry:Challenges and Opportunities, 2022, pp 5-45 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Aviation or in other terms “air transportation” and economic activities are deeply interconnected and interdependent. Real economy in fact drives the demand for air transportation services, and this relationship is extremely complex and bidirectional. Notably air transportation provides employment and enables certain economic activities in related sectors. The air transportation system is defined by its infrastructure capability, regulatory framework, and airline capabilities…

Keywords: Impact of COVID-19; Aviation Industry; Aviation Industry Corporation of China (AVIC); Chicago Convention; Coronavirus Aid; Relief; and Economic Security (CARES); Act; Lessors; Leasing Companies; Environmental; Social and Governance ESG; Environmental Product Declaration; Green Aviation; Greener Aviation; Air Mobility; Urban Air Mobility (UAM); General Aviation; Business Aviation; Air Transportation; International Civil Aviation Organization (ICAO); Airport Council International (ACI); International Air Transportation Association (IATA); Cargo; Cargo Services; Business Flying; Aerial Work; Air Navigation Services; Civil Aviation; CORSIA; Sustainable Aviation Fuel (SAF); CO 2 Emissions; Sustainable Development Goals (SDGs); Lower Carbon Aviation Fuels (LCAF); Vertical Take-Off and Landing (VTOL); eVTOL (ElectricVTOL); Vertiport; Electrical Propulsion; Boeing; Airbus; Embraer; Very Ligh Jets; Personal Jet; Light Business Jet; Midsize Business Jet; Large Business Jet; Ultra Large Business Jet; Gulfstream; Bombardier; Dassault; Falcon; Textron Aviation Inc.; Beechcraft; Cessna; King Air; Eviation; Supersonic; Supersonic Renaissance; Aerion; Spike Aerospace; Overture; Virgin Galactic; Green Finance; Sustainable Investment; Green Bonds; Green Mutual Funds; China Civil Aviation Administration (CAAC); Low Altitude; Air Space (search for similar items in EconPapers)
JEL-codes: L93 M16 (search for similar items in EconPapers)
Date: 2022
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