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NEWS Last modified on July 15, 2010

Swiss study

Air cargo makes a significant contribution to the Swiss economy with 70% of companies regarding it as a basic necessity, according to a new study carried out by the University of St Gallen.

The study entitled ‘Air freight as a competitive factor for the Swiss economy’ found that a third of the nation’s exports and one-sixth of all imports by value are carried in the hold of aircraft.

It also warns that nearly 200,000 jobs could be threatened if Swiss airports fall behind other European airports in terms of their efficiency and the range of services offered.

“Airfreight is an essential and daily part of Swiss value chains. It enables Switzerland to participate in international value chains, and opens and secures source and sales markets for the Swiss economy,” states the report.

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