Airbus Group and Boeing spent a week with Asian companies sounding more like cocktails than airlines, some of which did not exist a year ago, highlighting the region’s status as a dynamic aircraft market.
From VietJet to Thailand’s Nok Airlines and Air Costa of India, short-haul startups dominated orders at the Singapore Air Show as Asia’s increasing urbanisation and growing middle class fuel a travel surge. New airlines are popping up all over Asia, including some exotically named Japanese carriers Vanilla Air and Peach Aviation.
The expo’s $32bn of orders, while modest compared with a Gulf carrier-inspired $206bn splurge in Dubai three months earlier, highlighted the emergence of the latest class of airline serving intra-Asian routes starting to criss-cross the continent. Startups such as Air Costa are jostling for position with new units at older carriers that range from ANAs Vanilla and Thai Airways International PCL’s Smile division to the Tiger brand of Singapore Airlines.
"The Asia-Pacific is unique because of the number of cities with more than a million people," Robert Martin, CEO of Singapore-based aircraft lessor BOC Aviation, said at the show. "In China there’s more than 100, India has more than 50. The number of city pairs we’ll have in the long term will be phenomenal."
18/02/14 Andrea Rothman, Kyunghee Park and Anurag Kotoky/Business Day
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From VietJet to Thailand’s Nok Airlines and Air Costa of India, short-haul startups dominated orders at the Singapore Air Show as Asia’s increasing urbanisation and growing middle class fuel a travel surge. New airlines are popping up all over Asia, including some exotically named Japanese carriers Vanilla Air and Peach Aviation.
The expo’s $32bn of orders, while modest compared with a Gulf carrier-inspired $206bn splurge in Dubai three months earlier, highlighted the emergence of the latest class of airline serving intra-Asian routes starting to criss-cross the continent. Startups such as Air Costa are jostling for position with new units at older carriers that range from ANAs Vanilla and Thai Airways International PCL’s Smile division to the Tiger brand of Singapore Airlines.
"The Asia-Pacific is unique because of the number of cities with more than a million people," Robert Martin, CEO of Singapore-based aircraft lessor BOC Aviation, said at the show. "In China there’s more than 100, India has more than 50. The number of city pairs we’ll have in the long term will be phenomenal."
18/02/14 Andrea Rothman, Kyunghee Park and Anurag Kotoky/Business Day
