Post-pandemic recovery fuels robust attendance - and hopes - at Singapore Airshow

Korea Aerospace Industries

23/02/2024 05:35

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      About 50,000 trade delegates at Singapore Airshow, the most since 2018
    

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      Attendees say supply chain concerns linger after pandemic
    

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      Chinese planemaker COMAC makes first C919 exhibition outside home market
    

  
    By Xinghui Kok
       SINGAPORE, Feb 23 (Reuters) - As the bustling trade portion of first fully post-pandemic
Singapore Airshow wound down on Friday, exhibitors and delegates said they were optimistic for
the aviation industry despite suppliers' struggles to keep up with the rebound in travel demand.
    Before the show, organisers predicted that about 50,000 people would attend the four trade
days of the show, nearly four times as many in 2022, when foreign visitors required daily rapid
antigen tests for COVID-19, and nearly as many as the 54,000 who visited in 2018. The 2020
edition was rocked by last-minute cancellations as the virus spread around the world.
    Outside Asia's largest air show, transportation issues snarled arrivals and departures,
especially during the first days. On Tuesday, lines for free shuttle buses to the Expo public
transportation hub led to waits as long as three hours in humid temperatures above 30 degrees
Celsius (86 degrees Fahrenheit) and taxis to the city cost as much as three times the usual
fare. 
        The situation was bad enough to become a talking point, with local newspaper the Straits
Times running a lengthy story headlined: "'Worst transport experience': Crawling traffic, long
waits for rides frustrate Singapore Airshow visitors". 
  
        Leck Chet Lam, managing director of show organiser Experia, said the company was aware
of the transportation issues and attributed them to "higher attendance than in previous
editions". 
  
    In the air-conditioned display space, commercial exhibitors hawked planes, drones,
surveillance technology, services and equipment. The displays attracted buyers as well as simple
curiosity, with the Korea Aerospace Industries  047810.KS  booth drawing a line on Wednesday for
attendees to get pilots' autographs and pose for selfies.
    More than 1,000 companies from 50 countries participated in this year's show, organisers
said, on both the commercial and defence sides.
    Russian companies did not participate against the background of the war in Ukraine but
Israeli companies Israel Aerospace Industries and Rafael Advanced Defense Systems, which dropped
out of the Dubai Airshow in November amid the Israel-Hamas war in Gaza, attended.
    "The general mood is extremely positive but also very demanding," said Dennis Kohr, head of
corporate sales Asia-Pacific for aircraft maintenance provider Lufthansa Technik Group.
    "It's the first air show after the pandemic; there is not only a huge demand for air travel,
but also huge demand for MRO services," he added, referring to maintenance, repair and overhaul.
    
    AERIAL DISPLAY
    Delegates stepped into the tropical heat for about an hour's worth of aerial displays each
day, including demonstration flights by air force teams from Singapore, Korea and India, among
other countries, and a flyby by the C919, made by China's COMAC. It was the first time COMAC
brought its homegrown narrow-body jet outside Chinese territory. 
    COMAC was the first company to announce orders at the show, flagging a deal with Tibet
Airlines for 40 C919 single-aisle planes and 10 ARJ21 regional jets, plus 6 ARJ21s for China's
Henan Civil Aviation Development and Investment Group.
    Shortly afterward, Royal Brunei Airlines said it was ordering four Boeing  BA.N  787-9
Dreamliners.
    Airbus  AIR.PA  announced an order for five A350 freighters and three A330neo widebody
passenger jets from Taiwan's Starlux Airlines  2646.TWO . Airbus also had a provisional deal
with Vietnamese budget carrier VietJet  VJC.HM  for 20 A330neo wide-body airliners. 
    Sustainability was a focus of the show, with the Singapore government announcing a green jet
fuel mandate to be funded by a levy on travellers and air show organisers stressing the
importance of protecting the environment, but the industry showed divides over how to achieve
its goal of "net zero" carbon emissions by 2050.    
    Supply chain issues clouded some of the show's optimism, with exhibitors citing long lead
times and high costs, which have dogged the industry since COVID and worsened after Russia
invaded Ukraine. The problems have been especially acute for raw materials such as
aerospace-grade metals.
    Still, Paul Bolton, chief operating officer of First Aviation Services, was hopeful the
worst was over and the growing demand would lead manufacturers back to aerospace production.
    "It will get better in maybe two to three years," he said.

 (Reporting by Xinghui Kok; Additional reporting by Brenda Goh; Editing by Jamie Freed and Gerry
Doyle)
 ((xinghui.kok@thomsonreuters.com;))