JetExpo Exhibitors Expecting Uptick in Russian Market
The eighth annual edition of Russia’s JetExpo business aviation show is due to open on Thursday morning at Moscow’s Vnukovo-3 Airport. The three-day event (September 12-14) will feature nearly 50 exhibiting companies and approximately 40 aircraft on static display. At face value exhibitor numbers are down on the almost 100 companies that participated in the 2012 show, but organizers say the overall size of the show is unchanged with more than 100 booth spaces occupied.
The 2013 JetExpo opens with Russian and foreign business people anxiously awaiting news of whether the third quarter of this year will reverse, or at least halt, the recent decline in the Russian economy. In the second quarter of this year, gross domestic product growth dipped to 1.2 percent, from 1.6 percent in the first quarter. However, this broad economic picture gives only a limited perspective on the outlook for business aviation in what has continued to be one of the sector’s most promising growth regions. With so many Russian high-net-worth individuals now based outside the country, the state of the domestic economy is not necessarily a clear indicator of demand.
Ahead of this week’s show several manufacturers and service providers said that they have rising expectations of further growth in demand for business aircraft. AIN will have constant news updates from JetExpo online at www.ainonline.com. Subscribers to AINalerts will receive our daily e-newsletter from the show (on Wednesday, Thursday and Friday).