Canada’s Aerospace Industry Welcomes Support in Budget 2021April 19, 2021
OTTAWA (ONTARIO), April 19, 2021 – Mike Mueller, President and CEO of the Aerospace Industries Association (Interim), issued the following the statement today following the release of Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience:
“We are pleased that the government has recognized the strategic importance of Canada’s aerospace sector and signaled its intention to ensure the industry can remain an important driver of Canada’s economy, responsible for directly and indirectly supporting nearly 235,000 jobs.
“The impacts of COVID19 will have long lasting impacts to Canada’s aerospace sector and with a highly skilled workforce, robust exports, and a global reputation for cutting-edge innovation and technology, Canadian aerospace is one of few industries in Canada that creates jobs and economic activity in rural and urban communities from coast to coast to coast.
“Now that we have these markers for investments, we look forward to continuing to work closely with government to ensure alignment on the implementation of a sector-specific strategy, as our global competitors are doing.”
AIAC is the national association representing Canada’s aerospace manufacturing and services sector. As the world’s seventh-largest aerospace industry, Canada’s aerospace sector contributes nearly $28B to the economy in GDP, exports 80% of its output, and dedicates over 20% of its activity to research and development (R&D). Canada’s aerospace sector directly and indirectly supports nearly 235,000 jobs in every region of the country.
More details: www.aiac.ca
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