Municipalities in the northern parts of the region, such as in northern Sweden, could benefit from promising opportunities for new electric aviation routes. Those new routes could lead to the creation of transport hubs in the north with new financial benefits for the areas. On a different note, because of the lower noise level of electric aircraft, the housing prices around airports might increase, especially in places where the airport is located close to the city, such as in Copenhagen. However, such impacts would only be tangible when most of the fleet becomes electric. Similarly in Iceland, electric aviation could impact the debate on whether to relocate Reykjavik Airport further outside the city, since noise pollution would decrease. The impact would therefore have indirect financial consequences.
The debate on economic impacts revolved to a significant extent around the tourism sector, which emerged as an important topic during the focus group discussions. The most influential and important impact concerning tourism is the ability of electric aviation to open up the possibility for new destinations. Small airports located in rural areas can accommodate electric aircraft due to their compact size. Electric aviation could therefore offer tourists the possibility of more remote vacation destinations in the northern parts of Norway, Sweden or Finland or in Iceland, to which the journey would otherwise be significantly longer. Likewise, more remote areas could benefit in terms of tourism if those local areas put enough effort into business development. Product portfolios in tourism often only include locations and services of a particular region, but if there will be a closer network of flight connections in the future, it would be wise to begin thinking in terms of a wider region and offer a broader range of tourism destinations. Quick tourism trips around a remote area could be expected in such case.
By offering sustainable travel options, tourist destinations could enhance their sustainable tourism label, such as in the case of the Lofoten Islands. They could additionally attract environmentally-aware people, who would otherwise be unable to reach certain areas. Nevertheless, as mentioned above, ticket prices are an essential variable for the success of such vision. If the implementation of electric aviation proves successful, the region could expect more frequent flights with smaller airplanes and cheaper tickets, carrying tourists to unexplored parts of the north. Some participants envisaged an opportunity for tourist agencies to offer flights to holiday destinations by electric aircraft, which could function as a selling point. There would undoubtedly be further opportunities to develop tourism.
In the case of Iceland, currently most domestic flight routes connect towns to Reykjavík (a regional hub) but do not connect towns outside of Reykjavík with one another. Lower operating costs and a higher flight frequency using smaller airplanes could lead to flight connections to the Westfjords and the east. It is currently very expensive to fly via the Reykjavík hub from Akureyri to those areas. Therefore, if electric aviation would offer lower ticket prices, as is expected in the case of Iceland, such issues could be overcome.
Another aspect of economic impacts includes commercial development, facilitated by electric aviation. Since some areas, especially in secluded regions, lack skilled workers, electric aviation could facilitate their transport. Presuming a higher flight frequency once electric aviation has been implemented, there could be higher mobility of skilled workers. There is a fairly high possibility that companies would fly their workers in and hence pay for their tickets. In that case, the issue of prices would still be significant, but would pose a lesser concern.
New business opportunities could also emerge due to electric aviation. New flight connections enabled by electric aviation could bring forth many new opportunities for business activity and interregional cooperation, lowering the threshold for engaging in new business ventures between regions. While preparing for electric aviation routes, there could be new cooperation possibilities between regions and businesses, in the scope of which new product models could be built or new potential services piloted, e.g. for tourism. Electric aviation could thus impact the attractiveness of a given area and provide another industrial boost to local industries and businesses.
To give an example, when considering cross-border possibilities between Sweden and Finland, the availability of electric flights on the route between Skellefteå-Oulu would enable some geographical challenges to be overcome, such as the constraints posed by the Gulf of Bothnia. That would have a positive impact on connectivity among enterprises and businesses. Improved east-west connections may introduce new actors and cooperation to business life in the destinations. Other participants noted that Kajaani and Oulu in Finland might profit in particular from new business opportunities provided by electric aviation.
Social impacts
Electric aviation may have several important benefits for the welfare of Nordic citizens. One of the significant improvements is linked to healthcare accessibility, as observed in several of the case studies. Because of more frequent flights, possibly cheaper prices and even the probable development of an electric helicopter further down the line (as mentioned in the Danish case), the connectivity between rural and urban areas would increase. In the case of Bornholm, where the practice is for the state to compensate journeys for those needing to visit the hospital in Copenhagen, an agreement would be needed with the operators and healthcare providers about the details of such transport. Healthcare accessibility could increase in other Nordic areas, where connections are not as well developed, such as in Iceland or the north of Sweden due to large distances between settlements. New possibilities for cooperation between hospitals could also arise, as the hospitals would be better connected.