STATEMENT BY CANADA’S AEROSPACE INDUSTRY ON THE FEDERAL FISCAL UPDATENovember 30, 2020
OTTAWA (ONTARIO), November 30, 2020 – Jim Quick, President and CEO of the Aerospace Industries Association of Canada (AIAC), together with Canada’s regional aerospace associations, issued the following statement on behalf of the 235,000 employees Canada’s aerospace sector supports:
“Today’s fiscal update was a recognition of the government’s financial situation as it deals with the COVID-19 pandemic. Like our colleagues in other industries, we are disappointed there was not a specific recognition of the challenges being faced by our industry. We acknowledge the limited support for airlines and the wage subsidy increase during this initial phase. However, we are disappointed with the lack of recognition of the severity of the challenges we are facing.
“Although many in political leadership have advised us that support is coming, we are nonetheless disappointed that it is taking so long. We have been told that our recommendations and advice is appreciated and we will continue to press the Government to announce the support as soon as possible.
“Together, with our provincial aerospace colleagues, we will continue to work with parliamentarians across the country regarding the upcoming stimulus to ensure that aerospace, and its 235,000 jobs and $28 billion in annual GDP, can continue to serve Canadians, and indeed the world.”
AIAC is the national association representing Canada’s aerospace manufacturing and services sector. As the world’s fifth-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). Aerospace is responsible for the employment of 235,000 Canadians.
More details: www.aiac.ca
Director, Communications and Marketing