Lifting of sanctions against Iran: An opportunity for Québec's aerospace industry

MONTRÉAL, Jan. 27, 2016 /CNW Telbec/ - Aéro Montréal, Québec's aerospace cluster, fully supports the possible lifting of sanctions against Iran by the federal government. This measure would be highly beneficial for key players in the Québec aerospace industry as well as for the entire supply chain.

"Iran is a major potential market for aviation with a fleet renewal of nearly 400 aircraft over the next 20 years, representing a market of nearly $20 billion," explains Suzanne Benoît, President of Aéro Montréal. "The geographical location of Tehran, close to Europe and Asia, will make it a true hub for air traffic and an increasing number of airlines will want to invest there. With the number of international passengers doubling in more than 10 years, Iran has become an essential player for aircraft manufacturers who wish to invest in the country. Sanctions should be lifted as soon as possible if we want to compete with manufacturers such as Airbus, which is already establishing business relations with Iran."

Bombardier, as well as SMEs who work for this prime contractor, will be directly affected by the lifting of sanctions since it would open a significant market for the Québec manufacturer. The number of medium-range aircraft with 100 to 150 seats that Iran needs to purchase is sizeable.

In addition, the lifting of sanctions would also have an impact on all players in the Québec aerospace sector, including aircraft and engine manufacturers, training suppliers, structures developers and sub-assemblers. Québec has more than 200 SMEs specializing in aerospace. An opening of the Iranian market would benefit the province's overall economy and further the development of our companies.

About Aéro Montréal

Created in 2006, Aéro Montréal is a strategic think tank that groups all the major decision makers in Québec's aerospace sector, including companies, educational and research institutions, as well as associations and unions.

Aéro Montréal's mission is to mobilize Québec's aerospace cluster with a view to increasing its growth and expansion on the global scene. Its vision is to become a benchmark in global aerospace. To do so, it champions the following values: excellence, engagement, collaboration, versatility and innovation.

SOURCE Aéro Montréal

Image with caption: "Logo : Aéro Montréal (CNW Group/Aéro Montréal)". Image available at: http://photos.newswire.ca/images/download/20160127_C1723_PHOTO_EN_607577.jpg

For further information: Gwenaël Brisé, Communications Manager, Aéro Montréal, Off.: 514 987-9395, cell.: 438 497-3857, [email protected]éal.ca