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.”
IDSS / Online
Last updated on 02/02/2018