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Asia's biggest air show produces billion dollar worth of deals
SINGAPORE. Feb 12: Asia's biggest air show produced a billion, dollar worth of deals, set the stage for many more and confirmed the region's emergence as hd driving force of global aviation intd the next century. reports AFP.
Asian Aerospace '96 also highlighted Asia's own growing ambition and potential to establish itself as a pl&ne manufacturer to one day compete with western giants for regional business. *
The six-day event closing bi inday featured 19 of the worlds newest fixed-wing aircraft and served as the launch pad for doing business beyond 2000 with the re gion's booming economics.
This show is now at the ! same level as the Paris and
Farnborough shows." enthused William Janies. Presi . dent of the US Nortlitrop
Grumman International Im a sub-contractor for F 18 tighter plane.
'It is a venue where in a few days we get to see all the key decision-makers in the region." he said.
Northrop Grumman may * not be taking home any, announced orders, said James, but added: "it Is understandings that lead,to alliances we look for. Here is where we
get to start embryonic discussions that lead to alliances.”
More than 900 aerospace companies from 36 countries were here to sell their wares to the world’s fastest-growing plane market, which will hold the key to the future fortunes of civil and military plane makers:
Commercial aviation grabbed the limelight at the Changi Show grounds which were thronged by an estimated 27.000 trade visitors.
Hughes Space Communications International of the United States did the biggest deal at the show, winning a 640-inillion-dollar Sino Singaporean contract to launch a Pan-Asian Mobile Phone Stateline System.
Rolls-Royce of Britain maintained its Trent engine monopoly rqover Boeing 777 planes in Southeast Asia, winning a J 50-million-dollar contract to supply 12 ol the world's most powerbil turbo fans to the leasing arm of
Singapore airlines.
Behind-the-scenes talks al the show, which featured dazzling aerobatics bv the worlds most advanced lighter planes, would have cleared the ground for deals worth billions of dollars more. participants and organisers said
Mega deals in Asia have • ■,.!rihiitt d to ending a slump in oiiimcrrfal urcraft and engine sales and could s|tell the end of a disturbing trend in price cutting among
manufacturers. said Clive Richardson of Asian Aerospace Pte. Ltd. the show organisers.
Philippine airlines has announced it will buy eight Boeings and 28 airbus aircraft Singapore Airlines has ordered 77 Boeing 777s and Malaysian Airlines another 25 Boeings
M.nkei leader Boeing Co estimates that Asia will ■ count for 34 percent of an estimated one trillion dollars in sales of new aeroplanes in the years to 2014
Boeings Vice President ot product strategy Bor«e Boeskov said the Seattle based manufacturer would develop models that will meet the (mure needs of travel within to and from Asia