dr christina balis
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The Economic Importance of the Air Environment
Chief of the Air Staff’s Air Power Conference
Dr. Christina Balis15 July 2015
AVASCENT | 2
Economic benefits The air environment supports one of the fastest-growing global activities
3.0billionpassengers carried by airlines
8.6millionpassengers carried by airlines
$ 17.5billionvalue of goods carried by air
$ 2.4trillionaviation’s global economic impact
daily
6.6billionpassengers carried by airlines
$ 5.8trillionaviation’s global economic impact
in 2012 in 2032
Air travel liberalisation in less-developed regions UAV integration into national airspaces Broader benefits from growing air connectivity
Not accounted for…
4%
4.5%
CAGR
CAGR
Source: IATA, Oxford Economics
AVASCENT | 3
Economic costs and risksAny number of disruptions to the air environment can paralyse human activity
7daysair travel disruption
2.5daysair travel disruption
6.3billionloss to global GDP
4.7billionloss to global GDP
2001 Sep 11 terrorist attacks
2010Icelandic volcanic eruption
Serious non-kinetic attacks against… commercial aircraft… unmanned air vehicles… satellites
Not yet experienced…
AVASCENT | 4
An evolving conception of the air environmentThree key drivers will largely shape the future role of Air Power
CommercialisationTechnology driving democratisation of airspace; blurring of air domain boundaries
Globalisationfading economic sovereignty; growing interdependence
CivilianisationConstrained military use of airspace;risks of non-lethal ‘denied access’
How do we keep the air lanes open and
secure?
AVASCENT | 5
83 Victoria StreetSW1H 0HW London
Avascent US1615 L Street, NW, Suite 1200Washington, DC 20036
Avascent Europe59, rue des Petits Champs75001 Paris
Christina BalisDirector, European Operations