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Theoretical and Applied Economics
No. 9 / 2014 (598)

Adaptability and competitiveness of Romanian aeronautical industry in the European context

National Institute for Aerospace Research “Elie Carafoli”, Bucharest, Romania

Abstract. The aeronautical sector is one of the world leaders with an annual turnover that exceeds 100 billion euro and provides employment for about 750000 people. Also, the European aeronautical industry is facing an international competition that is investing significantly in research and development programs, as well as European environmental standards. This paper provides a synthesis of the new European policy and the European programs regarding European aeronautics industry development and its objectives. For this purpose, the main European documents were analyzed and the results of the main ongoing projects developed under the common initiative Clean Sky, were used in the aeronautical industry. This paper presents the current state of Romanian aeronautical industry and its ability to rise to the European aeronautical industry in order to achieve the EU’s objectives.

Keywords: aeronautical industry, flight path 2050, Europe 2020, Horizon 2020, Clean Sky.

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