Government seeks to bolster Canada's leadership in aerospace
From left to right: Sandra Pupatello, Director of Business Development and Global Markets for PricewaterhouseCoopers; Jim Quick, President and CEO of the Aerospace Industries Association of Canada; Christian Paradis, Minister of Industry; David L. Emerson, former Minister of Industry.
Source: Benoît Desjardins, CP Images
A comprehensive review of Canada's support to the aerospace and space sectors is underway, led by former federal Industry Minister, David Emerson, who's expected to table his findings in late 2012.
The Review of Aerospace and Space Programs and Policies will be conducted in consultation with industry representatives and will explore how government, industry and other key stakeholders can address the main issues facing the aerospace and space sectors, such as innovation, market access and development, skills development, procurement, and supplier development.
"Canadian firms in the aerospace and space sectors are leaders in their fields, and our government wants to ensure that they continue to create quality jobs across the country today and in the future," said Minister of Industry Christian Paradis at the February 27, 2012 launch event in Montréal. "This comprehensive review will examine how we can maximize our efforts, together with industry, to sustain Canada's leadership position."
According to Mr. Emerson, the review will look 20 or 30 years into the future and will provide valuable information on the kind of global economic environment the industry will be dealing with. He added that it will give Minister Paradis and the Government of Canada the best possible advice so they can set a course that will empower these highly skilled sectors to grow and perhaps become even stronger than they are today.
Mr. Emerson will be assisted by Ms. Sandra Pupatello, Director of Business Development and Global Markets for PricewaterhouseCoopers, and former Ontario Minister of Economic Development and Trade; Mr. Jim Quick, President and CEO of the Aerospace Industries Association of Canada (AIAC), and Dr. Jacques Roy, professor and Director of the Department of Logistics and Operations Management at HEC Montreal.
Canada's aerospace and space industries rank fifth in the world, generate annual revenues of $22 billion and employ nearly 80,000 Canadians in high-paying jobs at more than 400 firms across the country.
The Conference Board of Canada anticipates that the rise of emerging markets and the increase in demand for more fuel-efficient aircraft will contribute to considerable growth in the commercial aerospace sector. Aircraft manufacturers, including Boeing and Airbus, also expect growth in civil aerospace. In fact, both companies are forecasting that the world's civil aircraft fleet will more than double its current size by 2030.
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