OTTAWA, Nov. 29, 2012 /CNW/ - Strong recommendations for industry and government contained in an independently conducted review of Canada's aerospace industry and factors influencing its future competitiveness have garnered support from the Aerospace Industries Association of Canada.

Produced by the Honourable David Emerson, the recently completed report "Beyond the Horizon: Canada's Interest and Future in Aerospace" is the product of an official Aerospace Review mandated by the Government of Canada in February 2012.

"Mr. Emerson recognizes the critical juncture the aerospace and space industry is facing and the urgent need for government, industry, academia and unions to adapt to a rapidly changing and highly competitive global environment," said David Schellenberg, Chairman of the AIAC Board of Directors. "Early and effective implementation of these policies is critical to achieving the intended results. Canada's aerospace industry is ready and willing to do its part."

Mr. Emerson's report proposes fiscally neutral public policy changes designed to boost the industry's competitiveness and its long-term benefits for Canada. Among the recommendations, AIAC considers several to have potential positive 'game-changing' impacts. These include:

"AIAC and its member companies are ready to work with the government to ensure the timely implementation of the Aerospace Review recommendations, for the benefit of all Canadians," said Mr. Schellenberg. "AIAC salutes the Government of Canada and Industry Minister Christian Paradis for mandating the Aerospace Review, and the Hon. David Emerson for bringing his extensive expertise to this thorough review of Canada's aerospace industry and the measures required to secure its future."

ABOUT AIAC:

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 generates more than $22 billion, exports 80% of its output. Investments of over $2 Billion make the aerospace industry the second largest R&D investor in Canada. Aerospace is responsible for the employment of 160,000 Canadians. AIAC represents the interests of over 700 aerospace companies across Canada.

ABOUT THE AEROSPACE REVIEW:

Information about the Aerospace Review, including copies of the Emerson Report, is available at http://www.aerospacereview.ca.

SOURCE: Aerospace Industries Association of Canada

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Aerospace Industries Association of Canada welcomes Aerospace Review findings