According to a recent report by Oxford Economics Group says that Etihad Aviation Group (EAG) and its equity airline partners will provide a contribution of up to US$9.6 billion to the Abu Dhabi economy in 2016.
The Group and its partners will deliver a core economic contribution of US$7.4 billion and a tourism contribution of US$2.2 billion, said the report. In turn, they will support 62,100 jobs through core operations, with another 29,600 jobs supported through the tourism contribution.
By 2024, the annual contribution to the Abu Dhabi economy from Etihad Aviation Group and its equity airline partners is expected to reach up to US$18.2 billion, including a core contribution of US$12.6 billion and a tourism contribution of US$5.6 billion. The productivity boost from air connectivity impact will reach US$27.1 billion.
The report recognises the central role that Etihad plays, saying: “Etihad’s impact in Abu Dhabi is a vital driver of prosperity for the emirate, the importance of which is set to grow in the next decade as the airline expands its service, bringing more visitors to the region.”
James Hogan, President and Chief Executive Officer of Etihad Aviation Group, said: “Success for Etihad Airways translates directly into success for Abu Dhabi – and success for the wider Group and its partners boosts that impact even further.
“As a major jobs creator and as a major spender with local suppliers, Etihad Aviation Group has had an increasingly positive impact on the Abu Dhabi economy, year after year. These are long term, sustainable jobs which make a long term, sustainable contribution to GDP.
“As our equity airline partners continue to expand their connectivity with Abu Dhabi, we are seeing even greater impacts on the local economy.”