Funding Mechanisms for Aviation infrastructure
Funding Source for Aviation Infrastructure The aviation infrastructure has proven to be a motivator for sustainable economic development. Mapping out funding for aviation infrastructure will impact tourism and trade. It serves as the main mode of transportation to deliver humanitarian relief and response to crises and public health emergencies. It generates socio-economic benefits which help eradicate poverty by creating jobs and enhancing air connectivity. The Aviation infrastructure sector is forecast to grow from 36 million departures in 2015 to 60 million by 2030. Its global economic impact is estimated at $2.7 trillion, equivalent to 3.5% of world gross domestic product (GDP). Apart from being a major global source of employment generating 62.7 million jobs globally, the air transport industry invests substantially in vital infrastructure with $37 billion allocated to aviation infrastructure projects in 2014. Havelet Finance Limited posed as a source of funding for aviation inf