2016 Runway events costs updated with Purchasing Power correction

Purchasing power

The associated costs of runway accidents / incidents have been corrected with the purchasing power in the various regions. This provides a more detailed insight in the actual costs, although local variations might still occur.

Region

The initial figures were all based on the USA standard of living. These have now be corrected for te average purchasing power in the regions: Canada, USA, Middle America, Caribean, South America, Europe North, Europe South, Africa North, Africa West, Africa Central, Africa South, Middle East, Russia, China, Australia, South Asia, Indonesia e.o. Japan and Pacific.

Difference

As a result the total world wide estimated runway related accident costs decreased from 6 Billion $ to 4 Billion $. The cost distribution changed marginally.