Eyes on China at Singapore Aviation Gathering amid Industry Consolidation

Reuter News

02 February 2018

Strong airline profits and higher defence spending have boosted the outlook for aerospace firms gathering for next week’s Singapore Airshow, but after a surge of activity in 2017 the event is expected to produce few big-ticket deals.

The biennial show, the largest in Asia, will bring together buyers and sellers against the backdrop of China’s attempt to play a bigger role in a realigning global aerospace industry.

“I think few countries are going to buy much from China,” said Richard Bitzinger, a senior fellow at Singapore’s S. Rajaratnam School of International Studies.

“Partly it is a reliability thing and partly it is ‘if you really want to keep the United States engaged, you buy their weapons systems’. In a sense it is still the US’ market to lose.”

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