Airport Activity adds Millions in Jobs and Investment to Local Economy
Saint John, NB – The Saint John Airport is a major employer and contributor to the local economy, according to a new report summarizing its economic impact, released today.
In 2015, airport activity contributed $63.6 million to the city’s gross output, $33.9 million to its GDP and $24.5 million to wages and salaries.
“The Saint John Airport is not only a vital piece of transportation infrastructure for all southern New Brunswickers – it’s also vital to the continued growth of our province,” said Derrick Stanford, President and CEO of the Saint John Airport. “Thanks to our ability to service both business and leisure travellers – and invest significantly in capital projects that employ hundreds and inject millions into our local economy – our airport is a significant economic engine and enabler for Saint John and the entire province.”
Findings from the 2015 Economic Impact Report show significant increases since the airport’s previous Economic Impact Study in 2010, which showed contributions of $36 million in economic output (77 per cent increase), $19 million in GDP (78 per cent increase) and $10 million in wages (145 per cent increase).
The report also found that since the transfer of airport land to the Saint John Airport from Transport Canada in 1999, the Airport Authority and tenants have spent more than $23 million on capital projects.
New private sector projects planned for the region like the Energy East Pipeline, Port of Saint John terminal modernization, and upgrades to municipal water treatment will mean significant new energy, natural resource and infrastructure investments in the Saint John Airport’s catchment area, increasing the demand for air service by $17.5 million in air travel expenditures and resulting in 39,000 new passengers. These projects – and the resulting anticipated airport activity – are forecasted to spur the airport to make further capital investments of another $33.7+ million by 2025.
“The Saint John Airport is a vital piece of our province’s strategic infrastructure, linking New Brunswick to worldwide markets and enabling economic development and job creation,” Stanford said. “Not only do our operations sustain more than 480 direct and indirect jobs and inject more than $68 million into our local economy every year, we act as a bridge to other job-creation projects currently on the horizon like the Energy East Pipeline.”
Business aviation continues to be a key sector for Saint John, contributing $14.5 million in economic output and 110 FTE jobs, with an average wage of $72,730 (64 per cent above the provincial average).
“The majority of our 250,000 annual passengers are business leaders representing key sectors poised for growth – energy, information and communications technology, natural resources, shipping, health and life sciences, and food processing. Their ability to quickly access major aviation hubs and global markets is essential for the growth of our region and the province as a whole.”
In 2015, the Saint John Airport serviced 252,000 passengers and 13,654 aircraft movements. The airport’s 20 tenants employ 190 FTE employees across airport operations, carriers (Air Canada and Sunwing), general aviation and air terminal building services.
For more information and to read the 2015 Economic Impact Report, click here.
About the Saint John Airport
Saint John Airport Inc. is a not-for-profit corporation serving air travel needs of 300,000 residents of southwestern New Brunswick spanning from Sussex to the Fundy Isles, and is a key element in the economic and social development of this region. The Airport’s economic impact is estimated at $68.7 million, with more than 480 jobs created directly and indirectly. All revenue of the Saint John Airport is reinvested in operations and facilities on-site.
For additional information or to coordinate an interview, please contact:
President and CEO, Saint John Airport