Geneva Airport Generates Over CHF3 Billion For Regional Economy: Report
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Genève Aéroport: un moteur à 3,3 milliards de francs
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Read more: Genève Aéroport: un moteur à 3,3 milliards de f
Of the CHF3.3 billion, nearly CHF2 billion went to the canton of Geneva, more than CHF550 million were generated in the neighbouring French region, and around CHF770 million in the rest of Switzerland, according to a study conducted by the Zurich-based consultancy firm Infras and published on Thursday.
“The direct, indirect and induced effects of the hub play a major role in the regional economy,” said Geneva Airport CEO Jean-François de Saussure on the airport terrace. The airport services around 147 routes operated by 57 airlines.
Altogether the direct impact of the 270 companies operating out of the airport amounts to around CHF1.66 billion and 11,500 full-time-equivalent (FTE) jobs. This activity accounts for 2.6% of the canton of Geneva's gross domestic product (GDP), with the canton having a total of 353,000 jobs (FTE).
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The economic benefits extend in particular to suppliers, shops, hotels, restaurants and service providers operating in the Swiss-French cross-border region. The indirect effects are linked to purchases made by companies at the airport and the effects generated by employees' spending.
The contribution of general and business aviation and air freight activities, taking all effects into account, amounts to CHF330 million and CHF350 million, respectively. In terms of freight, some 96,000 tonnes passed through Geneva Airport.
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