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Singapore Airshow 2012:A record 31 billion U.S. dollars worth of deals have been announced at the Singapore Airshow this year, organizers said on Friday.
The number was "threefold of what we did two years ago" at the biennial event, Jimmy Lau, managing director of the organizer Experia Events, told a press briefing.
The number included a record 22.4 billion dollar order of 230 jets placed by Indonesia-based Lion Air. The total value of deals garnered by engine makers was significant too. Rolls-Royce said it won orders worth nearly 500 million U.S. dollars for Trent 700 engines and support services.
The Singapore Airshow kicked off on Tuesday and the trade days will run until Friday. It will be open to the public on the weekend.
Some 38,000 trade visitors from 119 countries and regions visited the show during the first three days, Lau said, adding that the total number of professional visitors is expected to be around 45,000 by the end of Friday.
About 30 percent of the visitors were from overseas.
Lau said that some 70 percent of the 900 exhibitors at the show have reaffirmed their plans to come back for the next show in 2014.
The organizer also announced that it will make China a feature country in 2014.
"Our aim now is to bring in the three or four provinces that are very active in aerospace business," he said.
The event attracted industry giants such as Airbus and Boeing as well as other aerospace players to showcase their products and services to customers in the Asia Pacific.
The business aviation market of the region is expected to continue to grow quickly and business jet manufacturers have mostly said that they would be coming back in 2014.
Nevertheless, Lau said that it is "not something you can do overnight" to grow the business aviation market as it requires the infrastructure and procedural changes to support its growth.
"There needs to be some deregulation for business jets around the region in places like China. I think once the deregulation comes into play, the market will grow," he said.
A record 31 billion U.S. dollars worth of deals have been announced at the Singapore Airshow this year, organizers said on Friday.
Tag:Latest news Singapore Airshow.Search result Singapore Airshow.All about Singapore Airshow.Singapore trend Singapore Airshow.singapore 4d, yotais, airshow 2012, singapore air show, singapore airshow 2012
The number was "threefold of what we did two years ago" at the biennial event, Jimmy Lau, managing director of the organizer Experia Events, told a press briefing.
The number included a record 22.4 billion dollar order of 230 jets placed by Indonesia-based Lion Air. The total value of deals garnered by engine makers was significant too. Rolls-Royce said it won orders worth nearly 500 million U.S. dollars for Trent 700 engines and support services.
The Singapore Airshow kicked off on Tuesday and the trade days will run until Friday. It will be open to the public on the weekend.
Some 38,000 trade visitors from 119 countries and regions visited the show during the first three days, Lau said, adding that the total number of professional visitors is expected to be around 45,000 by the end of Friday.
About 30 percent of the visitors were from overseas.
Lau said that some 70 percent of the 900 exhibitors at the show have reaffirmed their plans to come back for the next show in 2014.
The organizer also announced that it will make China a feature country in 2014.
"Our aim now is to bring in the three or four provinces that are very active in aerospace business," he said.
The event attracted industry giants such as Airbus and Boeing as well as other aerospace players to showcase their products and services to customers in the Asia Pacific.
The business aviation market of the region is expected to continue to grow quickly and business jet manufacturers have mostly said that they would be coming back in 2014.
Nevertheless, Lau said that it is "not something you can do overnight" to grow the business aviation market as it requires the infrastructure and procedural changes to support its growth.
"There needs to be some deregulation for business jets around the region in places like China. I think once the deregulation comes into play, the market will grow," he said.
A record 31 billion U.S. dollars worth of deals have been announced at the Singapore Airshow this year, organizers said on Friday.
Tag:Latest news Singapore Airshow.Search result Singapore Airshow.All about Singapore Airshow.Singapore trend Singapore Airshow.singapore 4d, yotais, airshow 2012, singapore air show, singapore airshow 2012
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