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Major opportunities for Irish companies in the aviation sector in Russia
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| Minister Alan Kelly pictured with participants during the Russian Trade Mission |
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The Minister of State for Commuter and Public Transport, Mr. Alan Kelly T.D., recently led an Enterprise Ireland trade mission to Russia, focussed on the aviation sector and the growing opportunities for Irish companies in this major market.
The trade mission, which was based in Moscow was organised with the support of the Irish embassy in Russia, and included 20 best-in-class Irish companies from the aviation sector. Russia has become a key export market over the past two years for many of these companies and the mission aimed to reinforce the broad range of products and services they offer to Russian airlines and aviation buyers.
The aviation industry in Ireland is directly responsible for 26,000 jobs with an estimated further 16,000 jobs supported in the aviation supply chain. This sector also contributes €4.1 billion to Ireland’s GDP (€1.9bn directly, with €2.2bn from the supply chain and associated spending).
In the next decade the Russian government is planning a major €140 billion infrastructural and aviation transport services programme. Major growth is also being seen in the total value of the Russian online travel market, which grew 26% to $6.2 billion in 2012, and is expected to double in 2013. These developments open major opportunities for Irish suppliers.
Highlighting these opportunities Enterprise Ireland’s Head of International Sales and Partnering, Kevin Sherry, said: ‘This Trade Mission is a very timely and exciting opportunity for Irish companies seeking to expand their business in the growing aviation market in Russia. This market offers enormous potential for ambitious Irish companies. An intense schedule of trade focused activity will give the participating companies important networking opportunities with their Russian partners, and support for their market entry, development, and sales strategies. We are confident that further growth and business successes will result from this trade mission and from the significant effort currently being put into the market by Irish companies’.
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