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Showing posts from October 12, 2011

Air Travel Crucial for Irish Economic Recovery ©

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                         Air Travel will play a crucial role in the recovery of the Irish economy playing a valuable role to drive inward Foreign Direct Investment, and enabling Irish companies to grow export markets, with the economic expected to grow by 1.8% in 2012 (Irish Central Bank) . It was citied in the research of Ishutkina that between 1985 and 2005 the average growth rate of the airline sector in Ireland was 17.1% ,almost triple the GDP rate of 6.1%, as a result of EU liberalization packages opening up the market. Therefore the key to unlocking the growth of the aviation sector will be further liberalization of the market by creating a competitive cost environment with airport infrastructure, and expanding open skies agreements. The air transport sector is a key connectivity tool enabling movement of capital, knowledge, opportunity, people, resources and skills; it impacts on the economy directing creating jobs and indirectly i.e. for every 1 million passengers