The Fort Worth Press - Hopes for recovery in focus at Asia's biggest airshow

USD -
AED 3.672502
AFN 63.999899
ALL 81.012294
AMD 372.574013
ANG 1.789884
AOA 917.999798
ARS 1358.488495
AUD 1.39181
AWG 1.797375
AZN 1.700541
BAM 1.656468
BBD 2.008969
BDT 122.664002
BGN 1.668102
BHD 0.377242
BIF 2965.676414
BMD 1
BND 1.26902
BOB 6.892492
BRL 4.992599
BSD 0.997455
BTN 93.157901
BWP 13.383983
BYN 2.846858
BYR 19600
BZD 2.00609
CAD 1.37275
CDF 2304.999605
CHF 0.781215
CLF 0.022486
CLP 884.999678
CNY 6.81825
CNH 6.81534
COP 3618.47
CRC 457.792854
CUC 1
CUP 26.5
CVE 93.389119
CZK 20.615027
DJF 177.622692
DKK 6.332555
DOP 59.441078
DZD 132.075024
EGP 52.020601
ERN 15
ETB 155.749768
EUR 0.84737
FJD 2.215399
FKP 0.737283
GBP 0.736725
GEL 2.690181
GGP 0.737283
GHS 11.012065
GIP 0.737283
GMD 73.99984
GNF 8750.926377
GTQ 7.625952
GYD 208.680407
HKD 7.83119
HNL 26.493544
HRK 6.3821
HTG 130.518559
HUF 307.880502
IDR 17142.05
ILS 2.985901
IMP 0.737283
INR 93.3355
IQD 1306.676943
IRR 1316124.999964
ISK 121.850027
JEP 0.737283
JMD 157.413289
JOD 0.709027
JPY 158.891504
KES 129.203699
KGS 87.450103
KHR 3995.155334
KMF 418.000243
KPW 900.002027
KRW 1472.605039
KWD 0.30864
KYD 0.831198
KZT 473.208803
LAK 22007.190619
LBP 89530.303672
LKR 314.69334
LRD 183.534414
LSL 16.366408
LTL 2.95274
LVL 0.60489
LYD 6.310636
MAD 9.224743
MDL 17.056758
MGA 4138.345763
MKD 52.235107
MMK 2100.230461
MNT 3576.383271
MOP 8.050106
MRU 39.829249
MUR 46.19797
MVR 15.449777
MWK 1729.618478
MXN 17.242503
MYR 3.952985
MZN 63.954996
NAD 16.366408
NGN 1343.969912
NIO 36.707815
NOK 9.3826
NPR 149.057523
NZD 1.691635
OMR 0.3845
PAB 0.997455
PEN 3.379845
PGK 4.322951
PHP 59.913032
PKR 278.169961
PLN 3.587045
PYG 6375.004764
QAR 3.636895
RON 4.3153
RSD 99.454047
RUB 75.501258
RWF 1460.780743
SAR 3.751573
SBD 8.048583
SCR 14.371278
SDG 601.000325
SEK 9.146785
SGD 1.270105
SHP 0.746601
SLE 24.65034
SLL 20969.496166
SOS 570.100028
SRD 37.425022
STD 20697.981008
STN 20.750842
SVC 8.727836
SYP 110.584383
SZL 16.35576
THB 31.913501
TJS 9.425979
TMT 3.505
TND 2.896066
TOP 2.40776
TRY 44.762602
TTD 6.770531
TWD 31.546996
TZS 2600.000183
UAH 43.440603
UGX 3685.933404
UYU 40.120098
UZS 12158.837305
VES 477.98287
VND 26323.5
VUV 119.010039
WST 2.730706
XAF 555.580306
XAG 0.012419
XAU 0.000207
XCD 2.70255
XCG 1.797655
XDR 0.690967
XOF 555.563837
XPF 101.007449
YER 238.600352
ZAR 16.33715
ZMK 9001.196955
ZMW 19.125861
ZWL 321.999592
  • RBGPF

    -13.5000

    69

    -19.57%

  • NGG

    -1.0900

    87.86

    -1.24%

  • BCE

    -0.0300

    23.82

    -0.13%

  • VOD

    -0.0300

    15.59

    -0.19%

  • RYCEF

    -0.2500

    17.54

    -1.43%

  • CMSC

    0.0700

    22.71

    +0.31%

  • GSK

    -1.3700

    57.81

    -2.37%

  • RELX

    0.9700

    35.68

    +2.72%

  • BTI

    -0.8300

    56.68

    -1.46%

  • RIO

    -0.3100

    98.56

    -0.31%

  • BP

    -0.0500

    46.12

    -0.11%

  • BCC

    -2.8100

    78.91

    -3.56%

  • JRI

    0.0935

    12.88

    +0.73%

  • CMSD

    0.2000

    23.03

    +0.87%

  • AZN

    -3.1700

    201.21

    -1.58%

Hopes for recovery in focus at Asia's biggest airshow
Hopes for recovery in focus at Asia's biggest airshow

Hopes for recovery in focus at Asia's biggest airshow

Asia's biggest airshow takes place in Singapore this week with the aviation sector hoping 2022 marks a turning point in a region where tough curbs have left coronavirus-battered airlines struggling to recover.

Text size:

The event, which takes place every two years and kicks off on Tuesday, brings together hundreds of airlines, plane manufacturers and other industry players to display their latest equipment, network, and strike deals.

But the pandemic -- which has been the biggest crisis to ever strike the sector -- will cast a long shadow, with industry leaders focused on the question of whether air travel will finally pick up in the Asia-Pacific.

While the United States and Europe have eased restrictions and demand has rebounded, Asia lags far behind, with foreign tourists barred and mandatory quarantines still in place in many countries.

There are positive signs for 2022 -- several places, such as Australia, New Zealand and the Philippines, are lifting bans on overseas visitors -- but industry figures warn there is a long way to go.

"We've seen the recovery come in very, very strong in North America and Europe when the restrictions were eased," Anand Stanley, the Asia-Pacific chief for European plane-maker Airbus, told a forum before the airshow.

"Asia still has to follow that track. We still have semblances of a quarantine-based regime, border closures. This has to be lifted so that the freedom of movement returns and in turn the demand returns."

Data highlights the slow pace of recovery -- the region's airlines carried 16.7 million passengers last year, just 4.4 percent of volumes seen in 2019, according to the Association of Asia Pacific Airlines (AAPA).

- 'Many obstacles' to recovery -

With the Asia-Pacific rebound nascent and Singapore currently battling a fierce Omicron wave, the four-day airshow is likely to be muted with about 600 companies taking part, down from over 900 at the last edition in 2020.

Participants will be required to take daily virus tests, while the public have been barred from attending a series of aerial displays as authorities look to cut infection risks, with the aerobatics instead to be live-streamed.

Nevertheless, key players such as Boeing, Airbus and engine-maker Rolls-Royce will still be attending, and the show will be a rare opportunity to hold in-person meetings with customers to drum up new business.

Leck Chet Lam, managing director of the airshow's organiser Experia, said the event remains a platform for finding solutions "so that we can be ready for the recovery".

"We are starting to see green shoots in the industry... Passenger travel numbers are up, flight frequencies are up," he said.

For the industry, the only way for Asia to chart a course to such a recovery is if governments in the region finally drop restrictions and pivot towards living with Covid-19.

"We need governments to get their act together," said Alex Feldman, US aircraft-maker Boeing's Southeast Asia chief.

They have to "coordinate and simplify the requirements for safe travel", he added.

But Shukor Yusof, an analyst with Malaysia-based Endau Analytics, said he doubted a recovery would start this year.

"There are still many obstacles for airlines to surmount," he told AFP.

"There's been little effort to streamline air travel and worse to formulate a new doctrine to deal with a post-Covid landscape."

F.Carrillo--TFWP