Singapore Airshow 2014 Ends With Deals Worth $32 billion
posted on Feb 17, 2014
Singapore Airshow 2014 wrapped up the trade segment of the six-day event with deals announced worth US$32 billion, surpassing the value of deals announced in 2012. Major announcements include contracts for Airbus, Embraer, Boeing and Rolls-Royce. This reinforces Singapore Airshow's standing as one of the most important aerospace and defence exhibitions in the world.
Singapore Airshow 2014 played host to over 1,000 exhibitors from 47 countries and 279 delegations from 72 countries. In all, over 40,000 trade visitors from 125 countries visited the show during the first three trade days, compared to some 38,000 in 2012. Of these, 33% were from overseas. 72% of exhibitors from this year's Airshow have already reaffirmed their plans to exhibit at the next Airshow in 2016, underscoring the relevance of Singapore Airshow as an essential platform to network and seize opportunities in key markets in the Asia-Pacific and beyond.
This year's show featured increased participation from Japan, with the Japan External Trade Organisation (JETRO) featuring various aerospace companies. Mr Masaya Hasebe, Managing Director of JETRO Singapore, said: "Based on the feedback from our exhibitors, there have been many enquiries from potential partners, so we expect our exhibitors have been successful at Singapore Airshow. The show attracts a large number of high-quality visitors and presents a great deal of business opportunities for Japanese SMEs."
The Airshow attracted close to 100,000 visitors over the public day weekend on 15 and 16 February. Visitors to the airshow were treated to an impressive line-up of public day activities, including the highly-anticipated flying display, featuring the largest number of aerobatic teams in the history of Singapore Airshow.
Next Singapore Airshow (2016) will be held from 16 to 21 February at Changi Exhibition Centre.