Due to the impressive progress made in the sphere of aerospace technologies, the society became more flexible and mobile. The world does not have limits anymore, and people have an amazing opportunity to travel to any destination. However, passengers are not the only ones who benefit from the improvement of the aircraft segment as the government receives an economic profit as well. The major purpose of the paper is to provide in-depth analysis of the future microeconomic development for the aircraft industry in Turkey, Spain, and Germany and focus attention on future aircraft development.
Turkey is considered to be a country that experiences rapid development in the aviation market. Turkish Airlines are one of the European’s most profitable. The country is a perfect transportation point that connects Europe and Asia. However, it is worth noting that economic improvement and geographical position are not the most important factors that brought Turkish aircraft industry and airlines to a new level of development.
Aircraft industry provides Turkey with a number of economic benefits, namely it contributes to the increasing rates of GDP, workplaces, and an impressive amount of passengers who use Turkish Airlines (“Turkey” para. 8). According to the researches, aviation contributes over ten billion dollars to GDP in Turkey, which is 1,1%. The catalytic advantage of the aircraft sector is tourism, which contributes over thirty billion of dollars to Turkey’s GDP. The aircraft industry provides 200,000 people with workplaces.
Moreover, the aviation segment pays over 900 million of dollars in taxes. Due to the growing GDP and the fact, the government realizes the significance of the industry to the positive economic growth; the country focuses attention on the aircraft development. Turkish Aerospace Industries is responsible for the development, design, technologic innovation, and manufacturing of aerospace systems.
Spanish development in the aircraft industry is similar to Turkish experience. Government and local business support the development of aviation as innovative technologies implemented in the working process contribute to the international expand of the Spanish aviation. The economic improvement that Spain experience recently, as well as Turkey, stimulated the development of aerospace segment.
Spain benefits from the growth of the aircraft industry in three dimensions. As well as Turkey, the industry contributes to the increasing GDP, provides a number of people with workplaces, and offers customers safe, secure, and high-quality flights. The air infrastructure connects different European countries and serves for international flights as well.
According to the statistic research, airline industry contributes over 14 billion of Euros to GDP, which is 1,4% (“Economic Benefits from Air Transport in Spain” p. 4). The segment of aircraft industry provides almost 300 000 people with workplaces. The industry pays over two billion of Euros in tax.
As for the aerospace manufacturing benefits, it is worth stating that the country contributes almost three billion of Euros to GDP and provides over 40,000 of people with the job (“Economic Benefits from Air Transport in Spain” p. 4). Realizing the significance of the industry development, the government focuses on the development of the aircraft segment. The tendency proves that the sector received the priority, and future macroeconomic climate is prolific for advances and innovations in the sphere. Spain as well as Turkey is a popular destination for tourists. According to recent findings, over 140 million of people visit Spain annually and carry almost 600,000 tons of freight. Air transportation is considered to be crucial for transportation of valuable goods and is beneficial for country’s economy in an impressive way.
Germany is one of the most powerful countries in the world and plays a vital role in the global arena. The county is related to different states in political, economic, and trade way. The country is highly dependent on aviation in a direct or indirect way. Over 800,000 people are provided with the workplace in the sphere (“Economic Benefits from Air Transport in Germany” p. 3). Approximately 15,000 flights a day serve passengers due to innovations in the aerospace segment in Germany. The success of Germany in an airline industry is supported by the fact the fact that Germany is a world’s leading business center and important trade hub.
As well as Turkey and Spain, Germany’s GDP benefits from the development of the segment. The aviation contributes over 47 billion of Euros to GDP annually, which is 2% in comparison Turkey – 1,1% and Spain – 1,4% (“Economic Benefits from Air Transport in Germany” p. 3).
Aviation sector is one of the major employers in Germany. In addition, the country is one of the largest world’s manufacturers of aircrafts. The tendency will only increase as the government realizes the role of the industry in the country’s positive economic development and focuses on improvements and advances in the industry. The future growth of the aircraft industry is essential for the country’s success and prosperity; it is the primary and fundamental reason for the government to direct all the efforts to stimulate the innovation of the sector.
In conclusion, it should be pointed out that the modern century demands innovations and advances in all spheres of human activity. Comparing the aircraft industry in Spain and Turkey, it should be stressed that similar economic improvements stimulated the development of the segment. However, Germany remains to be the leader in manufacturing and serving passengers as the industry brings 2% to the country’s GPD. The economic environment of the countries under analysis positively affects the industry and foster improvement.
Works Cited
Economic Benefits from Air Transport in Germany 2011. Web.
Economic Benefits from Air Transport in Spain 2011. Web.
Turkey. 2011. Web.