Switzerland-based business aviation services group ExecuJet Aviation, which is exhibiting at the Singapore Airshow for the first time (Booth D87), is set to significantly boost its presence in the Asian market during the course of 2014.
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.
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.
Airlines from Indonesia, Indian and Vietnam are expected to announce at least $17 billion worth of new aircraft orders at this week’s Singapore Airshow.
On the eve of the 2014 event, the Boeing sales force was working to nail down what is expected to be a contract for up to 50 of its new 737 Max models. The customer is expected to be an Indian operator, with Jet Airways, SpiceJet and Air India seen as the most likely buyers.
Delivery of SilkAir’s first Boeing 737 a little over a week ago in Washington state marked the fulfillment of what Boeing Commercial Airplanes vice president of sales Dinesh Keskar characterized as a “major win” for the company in the Asian market. In fact, while Boeing would no doubt relish the chance to convert any Airbus operator, the contract with the Singapore Airlines subsidiary came as particularly satisfying given the impressive market share its rival from Europe has established in the region over the past decade or so.
A leading Mubadala Aerospace MRO network member, SR Technics’ drive to expand out into the world is bearing fruit. Now able to claim 40 customers, among them operators as prominent as Singapore Airlines, EasyJet, Qatar Airways and South African Airways, the company is set on bringing its integrated MRO business to all points of the compass.
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.
Southeast Asia benefits from having one of the fastest growing economies in the world, driven by the expansion of the trade and tourism sectors.
The 2014 Singapore Airshow opens at its purpose-built site on Tuesday, with an exhibitor base of more than 1,000 companies from over 50 countries set to show their wares, representing around a 10 percent increase on the last staging of the biennial event in 2012.