ATA Delivers Statement of Common Principles on Official Export Credits to Secretary Geithner

Commercial aviation helps drive more than 10M American jobs and 5 cents of every dollar of U.S. GDP
Commercial aviation drives more than $1 trillion per year in economic activity
In 2012, U.S. airlines moved more than 48,000 tons of cargo per day
In 2012, the value of a kilogram of U.S. merchandise exported by air averaged 121 times the value exported by sea
For every 100 airline jobs, some 360 are supported outside of the airline industry
Federal taxes constitute $61 – or 20% – of the price of a typical $300 domestic round-trip ticket
In 2011, U.S. airlines carried 16 percent more passengers and cargo using 10 percent less fuel than in 2000
Domestically, airlines drive 5% of economic activity but account for 2% of man-made GHG emissions
From 2000-2011, airlines reduced GHG emissions by 11% while transporting 16% more passengers and cargo
From 1975-2011, U.S. airlines and their partners reduced significant noise exposure by 99%
Commercial air travel is the safest form of intercity transportation in the United States
In the most recent decade, scheduled air service on U.S. airlines was seven times safer than in the 1970s
From 2000-2012, U.S. airlines improved the on-time arrival rate from 72.6% to 81.9%
From 2000-2012, U.S. airlines reduced the flight cancellation rate sharply from 3.30% to 1.29%
Airfares are a bargain: From 2000-2012, U.S. CPI rose 33% while average domestic fare rose just 14%
Adjusted for inflation, the average round-trip domestic airfare fell 15% from 2000
2007 domestic flight delays cost the United States approximately $31 billion
In 2012, the value of U.S. merchandise exported by air reached an all-time high of $427B
In 2012, U.S. exports of air-travel services reached an all-time high of $39.5B, driving a $5.1B trade surplus
In 2012, U.S. passenger and cargo airlines spent more than $50B on fuel, averaging 36% of operating expenses
In 2012, U.S. airlines posted the lowest annual rate of mishandled baggage ever recorded
FAA projects U.S. air travel demand to top 1 billion passengers in 2027
In 2012, US airlines flew 83.4 million passengers in scheduled international service - a record high
In 2012, the total value of merchandise exported from or imported to the United States by air exceeded $927 billion
In 2012, 7.15 teragrams of merchandise was exported from or imported to the United States by air

	ATA Delivers Statement of Common Principles on Official Export Credits to Secretary Geithner
	PubZone1 October 12, 2010 The Honorable Timothy F. Geithner Secretary U.S. Department of Treasury 1500 Pennsylvania Avenue, NW Washington, DC 20220 Re: Joint Airline Principles Regarding the OECD Aircraft Sector Understanding Dear Secretary Geithner: I am pleased to provide you with a Statement of Common Principles regarding the development of a new OECD Aircraft Sector understanding (ASU) agreed upon by ATA and major European airlines. The position we jointly support has strong foundations that aim to ensure a level playing field for all airlines. There should be fair access, sensible pricing and other terms that will encourage airlines to use commercial financing. The new ASU needs to serve both aircraft manufacturers and airlines, fairly and equally. There cannot be situations where an airline is able to benefit from export credit, both in terms of quantity (unlimited use) and quality (cheap financing), to the detriment of its competitors. The appendix to our joint position illustrates the market distortion that export credit causes. We hope that by setting out our joint position clearly, our views will be accepted positively. Our intention is to assist and support progress toward a satisfactory conclusion. We hope and trust that you will fully support our suggestion for establishing a fair and competitive aircraft financing market. We remain ready and willing to participate further in this debate. Sincerely yours, James C. May cc: Under Secretary Lael Brainard Deputy Assistant Secretary Sharon H. Yuan Attachment 1: U.S. and European Airlines Statement of Common Principles Concerning Renegotiation of the Aircraft Sector Understanding Attachment 2: U.S Secured Financing Transactions without ECA support PubZone2	A4A advocates measures to support aviation safety, security and well-being.