Singapore Airshow expects sharp drop in visitor numbers – organizer

A general view of the static display of aircraft during a media preview of the Singapore Airshow in Singapore February 9, 2020. REUTERS/Edgar Su/File Photo

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  • More than 13,000 expected, compared to nearly 30,000 in 2020
  • More than 70% of the world’s top 20 aerospace companies present
  • Asian aviation industry sees nascent signs of recovery

SINGAPORE, Feb 13 (Reuters) – A sharp drop in trade visitors is expected at the Singapore Airshow this week compared to the last edition two years ago as COVID-19 continues to batter the industry, said the organizer of Asia’s largest aerospace industry gathering. Sunday.

More than 13,000 trade visitors are expected at the biennial show from Tuesday to Friday, Experia Events managing director Leck Chet Lam told reporters, compared to nearly 30,000 in 2020 and around 54,000 in 2018. will be no public days this time.

The event ended the pandemic, with the 2020 edition disrupted by the virus emerging from China and the final show to come as the industry tries to find a way out of what has become its most significant crisis and the more costly.

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Leck said more than 70% of the world’s 20 largest aerospace companies will be at this year’s show, including industry giants Airbus (AIR.PA), Boeing (BA.N) and Lockheed Martin (LMT). .N), as the industry tries to emerge from the pandemic.

International passenger numbers in Asia are growing, albeit from a very low base, as countries ease pandemic-related border restrictions. Military demand is also increasing as regional economies recover from the crises caused by the pandemic and countries seek to build up their capabilities.

Singapore’s Economic Development Board Vice-Chairman Lim Tse Yong said major aerospace companies expect to create more than 1,000 jobs in the country over the next two years as the market rebounds.

“Some of these jobs will replace existing jobs, but a number of these jobs are also new,” he said, referring to hirings in advanced manufacturing, robotics and data analytics.

Ahead of the show, Singapore Technologies Engineering (STEG.SI), Japan’s Sumitomo Corp (8053.T) and Skyports said on Sunday they had formed a consortium to provide unmanned aircraft for onshore parcel delivery in Singapore.

During a nine-month pilot program, the consortium will engage key customers for drone deliveries, with the goal of establishing a delivery network capable of carrying package payloads of up to 7 kg (15 lbs. ).

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Reporting by Chen Lin in Singapore and Jamie Freed in Sydney

Our standards: The Thomson Reuters Trust Principles.

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