JetExpo Business Aviation Show Set to Open in Moscow
The ninth annual JetExpo business aviation show is set to open on Thursday at Moscow Vnukovo Airport. According to organizers, the three-day event (September 4 to 6) will draw around 75 exhibiting companies and up to 8,000 visitors. No details of the planned static display were available as of press time, but 30 aircraft are expected to be on show–a reduction from the 40 that participated in the 2013 event. So far, limited European Union and U.S. sanctions against Russia for its alleged military intervention in eastern Ukraine appear to have had a limited effect on the business aviation sector and this year’s JetExpo. However, the industry will likely be concerned about the prospect of wider sanctions that are now being threatened. In addition, continued weakening of the Russian ruble’s value against the U.S. dollar could potentially weaken demand from Russian customers, although, according to aircraft brokers, many wealthy Russians are comfortable dealing in foreign currencies from their offshore accounts. Most major business aircraft manufacturers, or their local representatives, are booked to participate in JetExpo 2014. For complete news coverage of the event, click on the JetExpo banner at AINonline.