Monday, 6 March 2017
Monday, 7 November 2016
College Ireland Aviation Services: Where are we regarding the Impact of 'BREXIT' on A...
College Ireland Aviation Services: Where are we regarding the Impact of 'BREXIT' on A...: The UK has voted to leave the EU – the so-called ‘Brexit’ scenario. Considerable uncertainty remains regarding the precise detail of the ...
Where are we regarding the Impact of 'BREXIT' on Aviation?
The UK has voted to leave the EU – the so-called ‘Brexit’ scenario. Considerable uncertainty remains regarding
the precise detail of the exit and it could be 2 years or more before these issues are fully resolved; prolonged
uncertainty will influence both the magnitude and persistence of the economic impacts. Preliminary estimates suggest that the number of UK air passengers could be 3-5% lower by 2020, driven by the
expected downturn in economic activity and the fall in the sterling exchange rate. The near-term impact on the UK
air freight market is less certain, but freight will be affected by lower international trade in the longer term. A big issue is with aviation regulation.
The UK faces a trade-off between accessing the European Single Aviation
Market and having the policy freedom to set its own regulations.
Sterling fell sharply in volatile trading conditions following the result, broadly in line with expectations. The general view amongst analysts is that it will recover somewhat over the medium to longer term. Nonetheless, the currency is expected to remain weaker than otherwise would have been the case under a no Brexit scenario (in the region of 10-15%). The impact that this would have on air travel is more clear-cut than the economic effects. The weaker pound has immediately made outbound trips for UK inhabitants more expensive (because a given amount of GBP will now buy less goods and services overseas).
Sterling fell sharply in volatile trading conditions following the result, broadly in line with expectations. The general view amongst analysts is that it will recover somewhat over the medium to longer term. Nonetheless, the currency is expected to remain weaker than otherwise would have been the case under a no Brexit scenario (in the region of 10-15%). The impact that this would have on air travel is more clear-cut than the economic effects. The weaker pound has immediately made outbound trips for UK inhabitants more expensive (because a given amount of GBP will now buy less goods and services overseas).
At the same time, for overseas visitors to
the UK, their local-currency earnings will now stretch
further than they did previously. The UK air market is dominated by outbound traffic,
with such traffic accounting for just over two-thirds of
total flows (in 2015 there were 53.9 million visits
overseas by air by UK residents, compared to 26.2m
visits to the UK by overseas residents).
The direct economic impact is likely to see the UK air passenger market be 3-5% lower by 2020 than the no Brexit baseline. Over the longer-term, however, there will be an impact on international trade when the UK does formally exit the EU and this, in turn, will affect air freight. For example, the OECD5 estimates that UK trade volumes could fall by 10-20% over the long run (to 2030), relative to the baseline. In part, the international trade impacts will depend upon the nature and timing of trade agreements and relationships negotiated by the UK and this remains highly uncertain at this stage. The OECD also notes that regulatory divergence could increase over time, increasing trade cTaken as a whole, the EU is easily the single biggest destination market from the UK, accounting for 49% of passengers and 54% of scheduled commercial flights. Taking into account those countries that have access to the Single Aviation Market as members of the European Common Aviation Area (ECAA) which includes Iceland, Norway and a number of Balkan countries, the importance of market access becomes even more significant. Of course, the importance of the issue is not just relevant to UK consumers and airlines; the UK is also a very important destination market for air travelers across Europe and is an important source of business for all major European airlines. Figure 5 shows the share of significance of operations between the UK and the EU compared to operations within the rest of the EU (EU27).
Dublin Airport could benefit from US air passengers searching for a quick and easy route to Europe post Brexit.The Irish capital is already equipped to undertake all US immigration and customs inspections prior to transfers on to other European destinations."Dublin could take business away from the UK if a Leave vote makes it harder for passengers to enter and exit the country." said Stephen Kavanagh, Chief Executive of Aer Lingus.He went on to say that Ireland should already be targeting passengers who want to travel to cities on the east coast of the US without having to endure the 'poor' customer experience of the country's largest airports.Last year more than 25 millions passengers travelled through Dublin Airport, including one million who were taking multiple flights.Kevin Toland, Chief Executive of Dublin Airport Authority, said: "If you want to go to North America from somewhere in the Uk, you can find 33 cities in the UK connecting to Dublin, from Heathrow you can only go to eight other cities and towns in the UK, so there's far deeper penetration."
The direct economic impact is likely to see the UK air passenger market be 3-5% lower by 2020 than the no Brexit baseline. Over the longer-term, however, there will be an impact on international trade when the UK does formally exit the EU and this, in turn, will affect air freight. For example, the OECD5 estimates that UK trade volumes could fall by 10-20% over the long run (to 2030), relative to the baseline. In part, the international trade impacts will depend upon the nature and timing of trade agreements and relationships negotiated by the UK and this remains highly uncertain at this stage. The OECD also notes that regulatory divergence could increase over time, increasing trade cTaken as a whole, the EU is easily the single biggest destination market from the UK, accounting for 49% of passengers and 54% of scheduled commercial flights. Taking into account those countries that have access to the Single Aviation Market as members of the European Common Aviation Area (ECAA) which includes Iceland, Norway and a number of Balkan countries, the importance of market access becomes even more significant. Of course, the importance of the issue is not just relevant to UK consumers and airlines; the UK is also a very important destination market for air travelers across Europe and is an important source of business for all major European airlines. Figure 5 shows the share of significance of operations between the UK and the EU compared to operations within the rest of the EU (EU27).
Dublin Airport could benefit from US air passengers searching for a quick and easy route to Europe post Brexit.The Irish capital is already equipped to undertake all US immigration and customs inspections prior to transfers on to other European destinations."Dublin could take business away from the UK if a Leave vote makes it harder for passengers to enter and exit the country." said Stephen Kavanagh, Chief Executive of Aer Lingus.He went on to say that Ireland should already be targeting passengers who want to travel to cities on the east coast of the US without having to endure the 'poor' customer experience of the country's largest airports.Last year more than 25 millions passengers travelled through Dublin Airport, including one million who were taking multiple flights.Kevin Toland, Chief Executive of Dublin Airport Authority, said: "If you want to go to North America from somewhere in the Uk, you can find 33 cities in the UK connecting to Dublin, from Heathrow you can only go to eight other cities and towns in the UK, so there's far deeper penetration."
"Unless you like a long car journey and an expensive car parking stop in one of the major UK airports, it's easier and more straightforward and a far better experience to come through Dublin."Three new routes between Dublin and the US are being launched this year: Los Angeles, California, Newark, New Jersey and Hartford, Connecticut.Leading low cost carriers such as Ryanair and EasyJet say their bargain flights to Europe are owed very much to the liberalised aviation market created by the EU 20 years ago.
Airlines have benefitted greatly by this since 2006 as well as offering more opportunity for cross-border investment.
Brexit could mean renegotiation of these agreements and if competition is reduced, fares could rise.
Sir Stelios Haji-Ioannou, founder of EasyJet, previously warned that Brexit may lead to greater restrictions on airlines, as competition drops.
Airlines have benefitted greatly by this since 2006 as well as offering more opportunity for cross-border investment.
Brexit could mean renegotiation of these agreements and if competition is reduced, fares could rise.
Sir Stelios Haji-Ioannou, founder of EasyJet, previously warned that Brexit may lead to greater restrictions on airlines, as competition drops.
Membership of the European Union provides many benefits that the UK will not be able to obtain otherwise. Our opinion on the aviation industry's effect from a Brexit is that air fares, capacity, and frequency will not be directly effect. Although it will have indirect effects in the longer-term for the Irish Aviation Industry. What are your thoughts?
Friday, 8 January 2016
College Ireland Aviation Services: Increase in demand for Aircraft Leasing skills pul...
College Ireland Aviation Services: Increase in demand for Aircraft Leasing skills pul...: In Ireland there has been a lot of media coverage around the growth of the aircraft leasing industry. This, alongside a number of changes i...
Increase in demand for Aircraft Leasing skills pulls forward Popular Short Course in Aircraft leasing & Project Management to Feb 2016.
In Ireland there has been
a lot of media coverage around the growth of the aircraft leasing industry.
This, alongside a number of changes in the MRO field, has led to people looking
at a possible 'change in direction' of their career. Within the industry people
are aware that working in the leasing side of the business is alot more
intensive that working with airlines. Irish professionals are also looking to
Asia, USA and UAE for relocation opportunities in this area, there is great
local contract opportunities that offer significant remuneration packages
without having the burden of the expenses felt when moving as a expat. Asia
continues to grow with demands for experienced staff in region, still in its
infancy with leasing companies fighting for a small pool of experienced staff
available to them. They have a bigger pool to choose from by looking to Irish
Professionals trained in the Aircraft Leasing Sector.
Investec for example host our graduation ceremony for upcoming programmes.
In college Ireland we have
seen the demand for training in this sector increase substantially. Already our
recent courses in Aircraft Leasing & Project Mgt have been full and we have
a second round in February and we are now providing second classes to facilitate
demand in this area.
Naturally
to complete this programme in four weeks full time or 14 weekends part time, is
an asset to a person looking to access or get promoted in this vibrant
industry.
The nature of the Aircraft Leasing business continues to be a 24/7 business, so it is difficult to find a work life balance there. In saying that companies are starting to get better at ensuring they are staffed enough to allow breathing space. It is known in the aviation industry that those working within the aircraft leasing market are highly motivated people, otherwise how would you survive the demands put on you? However this high level motivation makes for a very rewarding Industry. From an employment point of view the industry at present is the most vibrant it has been since the credit crunch. With so much activity and interest in the market at present, people are demanding training courses to be made available in order to tap into these opportunities.
For more information to register for this February's intake on our Aircraft Leasing & Project Management programme contact www.cias.ie or call 01-6217300 to speak with Emma Olohan of College Ireland.
College Ireland invites Members & Affiliates to attend Piloit Careers Live @ Croke Park this February
College Ireland has teamed up with Pilot Careers Live to offer Members and Affiliates an opportunity to attend the show in Croke Park this February at a reduced rate.
The event brings together exhibitors from all over the Irish Aviation Industry and abroad including
This list is missing ourselves. Following College Ireland's success in obtaining Enterprise Ireland HPSU status last May, and the marketing efforts made Internationally to bring more business into Ireland for members and ourselves from the Aviation Sector abroad: its time to focus on efforts at home. This show offers us an opportunity to network and get some serious sales & marketing efforts done on the ground at home.
We have an organised a special rate for College Ireland Members if €280 per sq/m instead of €356 so for example a 4 x 2 is €2,240 whereas a 2 x 2 is €1,120. College Ireland will be providing an overhead banner and pull ups as well as flyers and staff support.
We are looking to have one big area that is broken up into members stands and is also Co branded so the Industry recognises the strength of doing business with College Ireland members and affiliates and the support each members has for each other.
Here is the floorplan. More information can be found on the Hogan Suite, on the www.crokepark.ie website.
I am seeking interested members to contact me over the coming week to get involved.
Contact Details are:
Emma Olohan
College Ireland
Weston Airport
Tel: +35316217368
or email: emma@cias.ie or pr@cias.ie
Monday, 13 April 2015
College Ireland Fly Flag for Irish Aviation & Education in upcoming Government Trade Mission to Gulf & UAE
| College Ireland continue flying the Ireland inc. Flag for Aviation & Education as they get set to attend with Enterprise Ireland a Trade Mission to the Kingdom of Saudi Arabia, Qatar and the United Arab Emirates which will be led by Mr Richard Bruton T.D., Minister for Jobs, Enterprise & Innovation. The Trade Mission will visit Dubai, Jeddah, Riyadh, Doha and Abu Dhabi between April 19th and April 23rd. Alongside further developing relationships with existing clients in the region, College Ireland look set to sign up a number of MOU's and contractual agreements during the trade mission. | ||
Within the Gulf Cooperative Council states these three countries represent approximately 81% of GDP, or $1.4TRN per IMF 2013 estimates. A July 2012 Bank of America/Merrill Lynch analysts report estimated $4.3TRN in infrastructure spend across the MENA region by 2020. The Kingdom of Saudi Arabia has plans to build 700 schools, 18 education cities and 300 healthcare clinics; Qatar is in the process of radical infrastructure development in preparation for the 2022 World Cup; the UAE, while already undergoing considerable development, has recently unveiled plans such as Abu Dhabi 2030, the Sheikh Mohammed bin Rashid City, the recently competed Al Maktoum International Airport with capacity for 160M passengers, and the announcement on November 27th 2013 that Dubai will host the 2020 world Expo. In parallel this will lead for others on the mission also to widespread opportunities in ICT, Healthcare, Food, Aviation Services, Consultancy, Financial Services, Agri Technology, Water Treatment etc as population growth and rising GDP per capita leads to widespread growth for products and services. For College Ireland MOU's are being progressed with a number of organisations in the region involved in Aviation, Education and best practice for Training and Executive Development. College Ireland will attend meetings assisted by Enterprise Ireland who are organising business meetings and events in Dubai, Jeddah (Aviation and Water tech only), Riyadh, Doha and Abu Dhabi. Members of the Executive board from College Ireland, both Brian Joyce and Aidan Fox will attend Government-led, high profile events with the objective of using the opportunity to build relationships and establish credibility in the market. A number of sector specific workshops and panel sessions will also be attended, with some facilitating key business partner & clients of College Ireland to enjoy some of the core mission events. For more information Contact: Emma Olohan . emma@cias.ie | ||
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