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Singapore Show Report
This year’s Singapore Airshow, which was held from 2-7 February, was short on
orders, but manufacturers are confident of an industry recovery. The Asia-Pacific
region is set to lead the way, as Emma Kelly reports.
Airbus, Boeing pin hopes on growth in Asian aviation market
The world’s biggest aircraft manufacturers
are optimistic of a turnaround in the airline
industry’s fortunes this year and are expecting
Asia to lead the growth.
In its latest market forecast, released at the show,
Airbus says it expects airlines in the Asia-Pacific region
to acquire some 8,000 new passenger and cargo aircraft
over the next 20 years, valued at US$1.2 trillion. That
represents one third of the predicted global deliveries
of almost 25,000 new passenger and freighter aircraft,
valued at US$3.1 trillion, between now and 2028,
according to the European manufacturer.
Airbus predicts that traffic in the region will grow at
an average annual rate of 5.9 percent, while cargo traffic
will increase by 6.3 percent per annum. By comparison,
the global average growth rate for passenger traffic
will be 4.7 percent, with freight demand rising at 5.2
percent per annum.
Within 20 years, Asia-Pacific will take over Europe
and the United States as the largest air transport
market, with the region’s airlines forecast to carr y over
30 percent of global passenger traffic and around 40
percent of all air freight, according to John Leahy,
Airbus’s chief operating officer customers.
Asia-Pacific carriers are expected to take delivery of
880 very larg e aircraft, 2,570 twin- aisle widebodies and
4,560 single-aisle aircraft during the period.
The region is also expected to dominate the global
air cargo market, with the local freighter fleet expected
to grow five-fold to 1,500 over the next 20 years.
Around 340 of these aircraft are expected to be new-
production airframes, accounting for 40 percent of the
expected global demand.
The Asia-Pacific region accounts for a quarter of all
orders received by Airbus to date, according to L eahy.
Some 1,430 Airbus types are in ser vice in the region
with 66 carriers, while a further 1,120 are on order
from carriers in the region, representing 32 percent of
the manufacturer’s total order backlog, he says.
“ We remain extremely optimistic that this region
will continue to prosper and play a leading role in
aviation,” says Tom Enders, Airbus’s president and chief
In the long-term, the Asia-Pacific region offers the
biggest potential of any region, says R andy Tinseth,
Boeing ’s vice-president of marketing.
The economic downturn ha s bottomed out and
recovery has begun, Tinseth says. However, he adds
that the recovery is slow and une ven with the exception
of Japan, which is leading the way. The Boeing executive
says 2010 will be the year we see economies revive, with
airline profitability returning in 2011 and aircraft
demand rising from 2012.
The Asia-Pacific region will require about 8,900
aircraft over the next 20 years, or ab out 31 percent of
total global demand, Boeing predicts. The majority
of these new aircraft will be large, widebody types.
Carriers in the region are already starting to prepare
today for an upturn in the market, investing in new
equipment and simplifying their fleets.
[BLOB] Hong Kong Airlines has signed a
memorandum of understanding with Airbus for six
A330-200s, in one of the few orders to be announced
at the show. The jetliners, which will boost the airline’s
fleet of A330s to 23, will be used on new services across
the region and to the Middle E ast and Europe. ●
Eurocopter boosts Asia-Pacific helicopter sales
Eurocopter South East Asia has bolstered the manufacturer’s presence in
Asia with the sale of four helicopters to Vinacopter of Vietnam and one to
Thailand’s Ministry of Natural Resources and Environment.
Vinacopter has purchased one AS355NP, two AS350B3s and one EC135 as
the initial fleet for its new HeliVietnam commercial charter business. Deliveries
will start in the first half of this year and be completed in the second half of 2011.
Vietnam is a key market and growth-driver for the helicopter manufacturer
this year. Eurocopter already holds a 50 percent share of the civil and parapublic
helicopter market in the country.
The sale of one EC135 to Thailand follows the establishment of Eurocopter ’s
first office in the country at the end of last year. The light, t win-engine helicopter
will be delivered this D ecember and will be used for exploration and sur veillance
flights to help preserve natural resources and protect the countr y’s natural
In the region, EC135s are already operating in China, Hong Kong , India,
Indonesia , Japan, Malaysia and the Philippines.
Asia is a top -performing regional market for Eurocopter, according to Chief
Executive Officer Dr Lutz Bertling . The region accounts for 896 million euros of
the company’s 4.6 billion euros of revenue in 2009.
This year, Eurocopter will open a new maintenance, repair and overhaul
facility in Malaysia, as well as placing an EC725/EC225 simulator in the
country. Indonesia’s PTDI is also scheduled to start EC725/EC225 tail boom
manufacture in 2010, and Eurocopter South East Asia’s Singapore headquarters
will be transferred to a larger facility in Seletar. ●
The sale to Vinacopter of Vietnam includes two AS350B3s.
7/03/10 12:08 PM
7/03/10 12:08 PM
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