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US$32 Billion worth deals signed at Singapore Airshow 2014

  • Published by Vedat
With its biggest edition to date, Singapore Airshow 2014 reaffirmed its position as the platform of choice to do business in the Asia-Pacific and beyond.

Singapore Airshow 2014 wrapped up the trade segment of the six-day event with deals announced worth US$32 billion, surpassing the value of deals announced in 2012. Major announcements include contracts for Airbus, Embraer, Boeing and Rolls-Royce. This reinforces Singapore Airshow's standing as one of the most important aerospace and defence exhibitions in the world.

Singapore Airshow 2014 played host to over 1,000 exhibitors from 47 countries and 279 delegations from 72 countries. In all, over 40,000 trade visitors from 125 countries visited the show during the first three trade days, compared to some 38,000 in 2012. Of these, 33% were from overseas. 72% of exhibitors from this year's Airshow have already reaffirmed their plans to exhibit at the next Airshow in 2016.

Sean Lee, Airbus spokesman in Asia said: "We were very pleased with this year's show. In addition to presenting the A350 XWB for the first time, we announced orders valued at almost US$ 15 billion, as well as the establishment of a new joint venture training centre with Singapore Airlines. We were also pleased with the quality of visitors to the show, which included senior airline management representatives from across the region. This year's event has demonstrated once again that Singapore remains the premier air show in this region, attracting an international visitor profile."

"We are delighted that the US$32 billion of deals announced at Singapore Airshow 2014 represents an increase in the value of deals from 2012. We have also recorded strong visitor figures from an even larger number of countries, underscoring Singapore Airshow's standing as the preferred platform for high-level government delegations and industry leaders to come together, network, address challenges facing the aerospace industry and do business, all in one convenient location," said Mr Jimmy Lau, Managing Director of Experia Events.

Singapore Airshow 2016 will be held from 16 to 21 February at Changi Exhibition Centre.
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