Home' Asian Aviation : AAV Feb 2012 Contents 28 AsianAviation | FEBRUARY 2012
Despite continued economic
uncertainty in key markets such
as Europe and the USA, demand
for new aircra remains strong
-- as evidenced by the order and
delivery tallies just released by
manufacturers Airbus and Boeing (see pages 26-27).
Asia s relatively healthy economies and pent-up
demand in China and India are now more alluring
to aircra makers than ever, and all key forecasts for
the next two decades show the region as the driver of
the continued growth of the global aviation industry.
is is encouraging news for the organisers of this
year s Singapore Airshow -- the biggest event of its
kind outside of Europe.
e show will be held on 14-19 February at the
Changi Exhibition Centre and organiser Experia
Events predicts that it could be the biggest yet.
A er last year s Paris air show in June, Experia said
it had already secured deals in excess of S$3 million
(US$2.35 million), alongside National Pavilion
bookings from Italy and Mexico, bringing the total
number of country pavilions at the show to 21, with
strong interest also coming from Spain. By the end of
June, 90 percent of space at the Singapore Airshow
had already been booked.
Now, the organisers say, the show will feature more
than 900 companies from 50 countries -- compared
with about 800 from 40 countries at the last event
Particular attention will be focused on the strong
support for the event coming from China s industry.
Participants from the world s second-largest economy
will include China National Aero -Technology
Import and Export (CATIC), Commercial Aircra
Corporation of China (COMAC), maintenance
provider Ameco Beijing and -- for the rst time --
Beijing Youtaishuncheng Development, which will
be exhibiting its unmanned systems capabilities.
Experia says the show will also shine a spotlight
on Asian maintenance, repair and overhaul (MRO)
capabilities, which are attracting increasing attention
from around the world as operators seek to reduce
costs by outsourcing their aircraft maintenance
needs. According to analysts at Frost & Sullivan, the
commercial MRO industry in China, which now
generates revenue of more than US$2.5 billion, will
experience growth of more than 6 percent over the
next few years.
As well as providing a forum for global
manufacturers and suppliers to come together in
Asia, the Singapore show also provides the island
republic with an opportunity to showcase its own
industry as it strives to consolidate its position as a
regional aerospace hub.
Singapore provides a base for more than 100
aerospace companies, including maintenance,
repair and overhaul (MRO) specialist Singapore
Technologies Aerospace (ST Aerospace) and BOC
Aviation, Asia s largest aircraft leasing company.
Many global players also have regional operations
there, including training specialist Boeing Training &
Flight Ser vices (formerly Alteon Training), General
Electric, Honeywell and Pratt & Whitney.
e companies all bene t from Singapore s world
class international airport, skilled workforce and
strong technology base, as well as its reputation for
e ciency and as a business-friendly environment.
e global economic downturn sti ed passenger
and cargo traffic, bringing the earlier boom in
commercial aircraft orders to a grinding halt.
Passenger tra c has been recovering, although the
stability of that recovery is uncertain as economic
instability remains, and rising fuel prices have once
again been hurting airline pro tability.
But in the face of all this manufacturers such
as Boeing and Airbus agree that the longer-term
prospects remain positive -- especially for Asia.
Rising traffic share
Within 20 years, Asia is expected to overtake North
America as a leading aviation market, increasing
its global share of air tra c (measured in revenue
Singapore Airshow set
to reach new heights
"There has been a steady growth in the number of budget carriers,
which drives the demand for MRO services for narrowbody
carriers." -- Singapore's Economic Development Board
This year's Singapore Airshow could be the biggest yet and, once again, gives the island nation a chance to
highlight its aerospace capabilities and its strategic significance as an aviation hub, writes Andrzej Jeziorski.
ST Aerospace is one of the world's largest maintenance, repair and overhaul companies.
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