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Aviation and Aerospace - Invest Victoria

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Quick facts<br />

Melbourne is the natural home of Australia’s aviation <strong>and</strong> aerospace industry<br />

with the right mix of industry players, research institutes <strong>and</strong> education providers<br />

collaborating to continually drive competitiveness.<br />

The world’s third most liveable city, Melbourne offers<br />

investors access to reliable telecommunications <strong>and</strong><br />

business infrastructure, a sound regulatory regime,<br />

<strong>and</strong> a strong manufacturing base with competitive<br />

business costs.<br />

As the capital city of <strong>Victoria</strong>, Melbourne is the heart<br />

of Australia’s most dynamic <strong>and</strong> fastest growing state.<br />

A strong aviation <strong>and</strong> aerospace sector<br />

• Critical mass: <strong>Victoria</strong>’s aviation <strong>and</strong> aerospace<br />

sector employs over 22,000 people in more than<br />

500 businesses. The sector is supported by a number<br />

of world-class research institutes <strong>and</strong> education<br />

providers.<br />

• World-class infrastructure: Melbourne has two high<br />

quality airports, Melbourne <strong>and</strong> Avalon, with plenty<br />

of space to further increase capacity.<br />

• Highly skilled workforce: Melbourne provides<br />

access to Australia’s most educated workforce with<br />

world-class facilities <strong>and</strong> the highest number of<br />

engineering <strong>and</strong> related graduates in the country.<br />

• Cost effective: Melbourne Airport is one of the most<br />

cost effective international airports in the Asia-Pacific,<br />

named ‘Low Cost Airport of the year’ in 2009 by the<br />

Centre for Asia Pacific <strong>Aviation</strong>.<br />

• Competitive manufacturing capability: <strong>Victoria</strong><br />

is the centre of advanced engineering <strong>and</strong><br />

manufacturing accounting for around 40% of<br />

Australia’s activity in these fields. In 2008-09 the<br />

<strong>Victoria</strong>n aviation <strong>and</strong> aerospace sector exported<br />

over $800 1 million of products <strong>and</strong> services.<br />

• Globally connected: With over 500 international<br />

flights per week <strong>and</strong> five million international<br />

passengers per annum, capacity at Melbourne<br />

Airport continues to grow.<br />

• Leading logistics hub: Melbourne is Australia’s<br />

leading logistics hub with the airports complemented<br />

by efficient road, rail <strong>and</strong> port infrastructure networks.<br />

• A supportive government: The <strong>Victoria</strong>n Government<br />

actively supports the growth of the aviation <strong>and</strong><br />

aerospace sector, committing $3 million to developing<br />

the business case for a new <strong>Aviation</strong> Training <strong>Victoria</strong><br />

facility in 2010.<br />

• Regional leadership: Melbourne hosts the biennial<br />

Australian International Airshow <strong>and</strong> <strong>Aerospace</strong><br />

<strong>and</strong> Defence Expo, the southern hemisphere’s largest<br />

aviation, aerospace <strong>and</strong> defence trade show.<br />

A dynamic economy <strong>and</strong> lifestyle<br />

• A strong economy: Consistently growing at almost<br />

4% for the past decade, <strong>Victoria</strong> has an economy<br />

larger than Singapore <strong>and</strong> the United Arab Emirates.<br />

• Surviving the Global Financial Crisis: Australia<br />

was the only advanced economy to record positive<br />

growth in 2009. <strong>Victoria</strong> led the nation in job creation<br />

during this time.<br />

• Easy to do business: Australia is rated as one of the<br />

top 10 countries in the world by World Bank for ease<br />

of doing business.<br />

• Low cost real estate: Melbourne has higher<br />

commercial property availability at lower costs than<br />

Shanghai, Singapore, Bangalore, Mumbai, Sydney<br />

<strong>and</strong> Brisbane.<br />

• Growing: Melbourne is the fastest growing capital<br />

city in Australia with a population of four million.<br />

• Multicultural: Over half of Melburnians were<br />

either born overseas or have a parent who was born<br />

overseas, <strong>and</strong> 26% usually speak a language other<br />

than English at home. This diversity is a clear strength<br />

for global companies.<br />

• Fantastic lifestyle: The Economist Intelligence Unit<br />

consistently rates Melbourne as one of the world’s<br />

three most liveable cities <strong>and</strong> the most liveable city in<br />

the Asia-Pacific.<br />

1 Figures provided throughout this publication are in A$. As of April<br />

2010, A$1 is worth approximately US$0.93.<br />

3

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