The future of aviation - Transport Committee Contents

8  Conclusion

152. There is clear evidence that the aviation industry is important to the UK economy as a whole and to the economic development of certain regions. The aviation industry enjoys certain taxation advantages but it receives little direct public funding. At a time of severe economic difficulty for the industry, this laissez-faire approach by the Government is risky and unlikely to optimise the benefits.[172]

153. We believe that the aviation industry is very important to the UK economy. We therefore find it unsatisfactory that the Government leaves such a key industry to the vagaries of the market. The Government needs to carefully assess which parts of the industry contribute most to the economy, including regional economic development, and consider a more proactive role so as to ensure that strategic assets are not lost in these difficult economic times.

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