Asia’s growing middle classes and their desire to travel are making the region home to some of the world’s fastest expanding aviation markets.
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For example, Airbus expects China to replace the US as the most valuable market in the world for passenger jet deliveries by about 2030, and several other Asian countries – including India and Indonesia – have huge potential for aircraft orders.
But at the Singapore air show, which starts on Tuesday, this optimism about the long-term future of Asia’s aviation markets will be tempered by concerns about slowing economic growth and currency turmoil, and whether this could result in the region’s airlines cancelling orders with Airbus and Boeing.
The last strong year for Asian airlines was 2010, when the continent overtook North America to become the largest source of passenger traffic, having overtaken Europe several years earlier.
10/02/14 Andrew Parker/Financial Times
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For example, Airbus expects China to replace the US as the most valuable market in the world for passenger jet deliveries by about 2030, and several other Asian countries – including India and Indonesia – have huge potential for aircraft orders.
But at the Singapore air show, which starts on Tuesday, this optimism about the long-term future of Asia’s aviation markets will be tempered by concerns about slowing economic growth and currency turmoil, and whether this could result in the region’s airlines cancelling orders with Airbus and Boeing.
The last strong year for Asian airlines was 2010, when the continent overtook North America to become the largest source of passenger traffic, having overtaken Europe several years earlier.
10/02/14 Andrew Parker/Financial Times
