Page 29 - World Airnews Magazine January 2021 Edition
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     IATA
         73%. Canada’s connectivity (-85% decline) was hit more heavily
         than the United States (-72%). In part, this reflects the large do-
         mestic aviation market in the United States, which despite a signifi-
         cant passenger decline, has continued to support connectivity.
           Latin America suffered a 91% collapse in connectivity. Mexico
         and Chile performed relatively better than the other most connect-
         ed countries, perhaps due to the timing of domestic lockdowns in
         these countries and how strictly they were enforced.
         BEFORE THE PANDEMIC
         Prior to the COVID-19 pandemic, the growth in air connectivity was a
         global success story. Over the last two decades the number of cities
         directly linked by air (city-pair connections) more than doubled while
         over the same period, air travel costs fell by around half.
           The top-ten most connected countries in the world mostly
         saw significant increases over the 2014-2019 period. The United
         States remained the most connected country, with growth of 26%.
         China, in second place, grew connectivity by 62%. Other standout
         performers in the top ten included fourth-place India (+89%) and                               Shanghai
         ninth-place Thailand (+62%).
           IATA research explored the benefits of increased air connectivity.
         The standout conclusions are:
           •  A positive link between connectivity and productivity. A 10%
             rise in connectivity, relative to a country’s GDP, will boost
             labour productivity levels by 0.07%.
           •  The impact is greater for developing countries. Investments
             in air transport capacity in countries where connectivity is
             currently relatively low will have a much larger impact on
             their productivity and economic success than a similar level of
             investment in a relatively developed country.
           •  Tourism revenue may be reinvested to form capital assets. Air
             transport has contributed to greater employment oppor-
             tunities and wider economic benefits through the tourism
             catalytic effects, particularly in small island states. In emerg-
             ing market economies, there may be a structural shortage of
             demand, so tourism spend can fill in the gap.
           •  Tax revenues increase from enhanced economic activity. Air
             connectivity facilitates economic activity and growth in a giv-
             en country, which may have a positive impact on government                                 New York
             tax revenues. Q
                  NEWS
                         BELL OPENS COMMERCIAL
                                     BUSINESS CENTRE
                                              Worth International Airport (DFW).  According to Bell, opening the CBC is
                                               “As we continue to expand our   one of a series of facility updates designed
                   ell Textron officially opened the   footprint in Fort Worth, it is important   to accommodate for the growth that it
            Bdoors to its new Bell Com-       we create a space for our employees   expects to see from its participation in
             mercial Business Centre (CBC) in Fort   to innovate and think creatively,” said   the US Army Future Long-Range Assault
             Worth, Texas late last year.     Michael Thacker, Bell executive vice   Aircraft (FLRAA) and Future Attack Recon-
              Approximately 600 Bell employees   president of commercial business and   naissance Aircraft (FARA) programmes.
             will work at the facility, which will house   technology innovation.   Other FLRAA- and FARA-related
             operations including Bell’s commercial   “Having a dedicated facility for com-  expansions this year have included the
             programmes, global sales and customer   mercial business will allow enhanced   unveiling a new Manufacturing Technol-
             support and services.            collaboration throughout the entire   ogy Centre (MTC) in Fort Worth and the
              The Bell CBC is located in a former   enterprise and support Bell’s vision   opening of a facility in Wichita, Kansas.
             American Airlines building near both   to continue to advance the future of   Bell also said it has renovation plans for
             Bell headquarters and Dallas/Fort   mobility and vertical flight.”  its Dallas headquarters. Q
                                                   World Airnews | January 2021
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