Boeing delivered a bullish market forecast for airplane sales in the Asia-Pacific region on February 10, citing strong anticipated economic and passenger growth over the next 20 years. The manufacturer expects that the region’s gross domestic product will grow at 4.5 percent annually over the next two decades, fueling annual passenger traffic growth of 6.3 percent and cargo growth of 5.8 percent.
Air Transport and Cargo
News and issues relating to international air transport and cargo carriers, national airlines and regional airlines, including aircraft, engines, personnel, acquisitions, accidents, safety, security and training.
Singapore’s transport minister, Lui Tuck Yew, has called for Asian nations to liberalize air transport policies, and build connectivity and infrastructure in the region. He was speaking at the Aviation Leadership Summit, held on February 9 in Singapore.
The full international debut of Airbus’s A350XWB airliner will dominate both the static and flying displays on the first two days of the Singapore Airshow. The European airframer’s second flight test airplane–MSN3–arrived here over the weekend and flew a display rehearsal on Sunday afternoon over the Singapore Strait. It is due to depart at the end of Wednesday.
“Our ultimate goal is to make Russian aerospace and financial products competitive in the global market,” Alexander Ivanov, deputy chairman at Vnesheconombank (VEB), told AIN. Ivanov called Sukhoi a “long-standing partner” for his Kremlin-controlled bank, with whom the latter “has spent two years structuring the workable aircraft sales system support.”
For more than a year now the Sukhoi Superjet 100 has been carrying passengers with Indonesia’s PT Sky Aviation and Laos’ Lao Central Airlines. In December the Indonesians accepted their third aircraft and seem happy with the Russian 100-seat twinjet. The second airplane for Lao was ready by mid-summer and even made a public appearance at the MAKS 2013 air show in Moscow, but the aircraft has not yet been delivered to the customer.
A rare, once-a-generation diplomatic conference is planned for next month in a bid to update international law on dealing with unruly passengers. Likely to be held in Montreal, Canada, the headquarters city of the International Civil Aviation Organization (ICAO), the diplomatic conference is the culmination of a five-year process to revise the 50-year-old Tokyo Convention, a process triggered by an International Air Transport Association (IATA) proposal in 2009.
New relationships are changing the Asia Pacific’s airline landscape as it enters a new stage of maturity with once-fierce opponents forming partnerships for reciprocal gains. Overcapacity in fleet numbers has fueled competition and compelled budget carriers to look at cooperation initiatives despite the budget airline industry’s penchant to avoid complexity.
After 12 long years of nothing promising for harmonizing Southeast Asian trade relations, there was a surprise development in the closing days of 2013 when a trade agreement was finally struck in Bali. Not glamorous, and focused largely on streamlining mundane processes that can impede cargo as it travels across borders, the agreement nevertheless holds considerably promise in terms of the growth of air travel and cargo.
The Single Aviation Market (SAM) of the 10-member Association of Southeast Asian Nations (ASEAN) is not coming about as fast as some had hoped–the aim had been by 2015. This is despite the advantages they see through liberalization of air services under a single and unified air transport market.
Southeast Asia benefits from having one of the fastest growing economies in the world, driven by the expansion of the trade and tourism sectors.