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Highlights - Singapore Airshow 2018

The Singapore Airshow 2018, the largest aerospace and defence event in Southeast Asia, took place between 6 to 11 February. Unlike previous years, large aircraft makers did not announce any new commercial jet orders during the event. However, smaller plane manufacturers did better. Turboprop maker ATR sold four ATR72-600s and two pre-owned ATR 42-500s to two Southeast Asian customers - Bangkok Airways and Berjaya Hotels & Resorts - for a total deal value of approximately $120 million. Moreover Japan's Hondajet signed with European air taxi operator Wijet, for deal estimated to be worth close to $80 million. 

In the MRO segment, Boeing announced service orders valued at more than $900 million, with major airlines - All Nippon Airways (ANA), China Southern Airlines, Malaysia Airlines, Royal Brunei Airlines and Singapore airlines (SIA), in areas including parts, engineering, modifications, maintenance, digital aviation, analytics, training and professional services.


For engine makers - Pratt & Whitney inked a deal with aircraft operating leasing company BOC Aviation to sell 12 Geared Turbofans (GTF) that are used to power the new Airbus A320neo family aircraft.  While Rolls-Royce and Singapore Airlines (SIA) formally confirmed a $1.7 billion order for Trent 1000 engines to power the 19 Boeing 787 Dreamliner aircrafts, that SIA committed to purchase in 2017.

STEEL Advisory Partners - Aviation
STEEL Advisory Partners - Aviation

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