Situation: A prominent very light jet (VLJ) manufacturer wanted to understand the market potential for their line of VLJs.
CRA contribution: CRA estimated the potential economic impact of the manufacture and use of VLJs. We conducted client personnel and VLJ customer interviews and input/output multiplier analysis. We also investigated travel demand and developed aircraft lifecycle cost model applications.
Result: Our findings concluded that the widespread adoption of VLJs would have a significant positive effect on local and national economies. The client used this information as part of a public relations outreach promoting the introduction of their product at a major annual industry event.
The Convergence of Financial and Societal Value, and What It Means
In this Marakon Commentary, Charlie Johnson and Christine Delivanis discuss how until very recently, the market and society more generally were less aware of...