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

USD -
AED 3.672497
AFN 63.000233
ALL 83.847188
AMD 377.663361
ANG 1.790083
AOA 916.999834
ARS 1398.262301
AUD 1.424999
AWG 1.8
AZN 1.694418
BAM 1.708212
BBD 2.017486
BDT 122.914738
BGN 1.709309
BHD 0.377594
BIF 2973.692945
BMD 1
BND 1.281814
BOB 6.92176
BRL 5.376695
BSD 1.001712
BTN 92.461144
BWP 13.649683
BYN 2.963911
BYR 19600
BZD 2.014516
CAD 1.369895
CDF 2257.000221
CHF 0.789625
CLF 0.023317
CLP 920.6899
CNY 6.896597
CNH 6.90158
COP 3695.02
CRC 471.29313
CUC 1
CUP 26.5
CVE 96.306777
CZK 21.364978
DJF 178.376159
DKK 6.529205
DOP 61.540611
DZD 132.47601
EGP 52.450701
ERN 15
ETB 156.356736
EUR 0.873798
FJD 2.2208
FKP 0.751777
GBP 0.754835
GEL 2.729858
GGP 0.751777
GHS 10.878299
GIP 0.751777
GMD 73.496981
GNF 8781.936498
GTQ 7.681659
GYD 209.565567
HKD 7.830751
HNL 26.515042
HRK 6.583897
HTG 131.339112
HUF 341.824033
IDR 17004
ILS 3.13977
IMP 0.751777
INR 92.410796
IQD 1312.214231
IRR 1321725.000102
ISK 126.009728
JEP 0.751777
JMD 157.170494
JOD 0.709007
JPY 159.375992
KES 129.197801
KGS 87.449698
KHR 4016.786833
KMF 431.000004
KPW 899.999945
KRW 1496.865029
KWD 0.30712
KYD 0.83472
KZT 490.385917
LAK 21464.006848
LBP 89699.372893
LKR 311.744232
LRD 183.302982
LSL 16.823764
LTL 2.95274
LVL 0.60489
LYD 6.391601
MAD 9.434294
MDL 17.474278
MGA 4159.188076
MKD 53.951042
MMK 2099.410407
MNT 3568.977207
MOP 8.074956
MRU 40.077209
MUR 46.739665
MVR 15.449719
MWK 1736.867158
MXN 17.87748
MYR 3.930979
MZN 63.909958
NAD 16.823837
NGN 1386.809536
NIO 36.857988
NOK 9.734835
NPR 147.937656
NZD 1.71967
OMR 0.384496
PAB 1.001625
PEN 3.454329
PGK 4.380142
PHP 59.859502
PKR 279.690813
PLN 3.731155
PYG 6462.347372
QAR 3.641255
RON 4.450904
RSD 102.590992
RUB 80.882828
RWF 1461.74237
SAR 3.752754
SBD 8.051718
SCR 14.34447
SDG 601.000464
SEK 9.416885
SGD 1.280935
SHP 0.750259
SLE 24.549932
SLL 20969.510825
SOS 571.47349
SRD 37.548039
STD 20697.981008
STN 21.398501
SVC 8.76469
SYP 110.52498
SZL 16.818349
THB 32.519014
TJS 9.601069
TMT 3.5
TND 2.962352
TOP 2.40776
TRY 44.190901
TTD 6.793399
TWD 32.026027
TZS 2604.999933
UAH 44.172726
UGX 3766.136217
UYU 40.238092
UZS 12094.904122
VES 442.704625
VND 26291
VUV 118.25327
WST 2.735215
XAF 572.920733
XAG 0.0127
XAU 0.000201
XCD 2.70255
XCG 1.805255
XDR 0.71253
XOF 572.918232
XPF 104.162209
YER 238.550146
ZAR 16.879597
ZMK 9001.205638
ZMW 19.497092
ZWL 321.999592
  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSC

    -0.1500

    22.99

    -0.65%

  • BCE

    -0.1100

    25.57

    -0.43%

  • RELX

    -0.0400

    34.14

    -0.12%

  • GSK

    -0.8900

    53.39

    -1.67%

  • BTI

    0.0400

    59.93

    +0.07%

  • RYCEF

    -1.1300

    16.12

    -7.01%

  • RIO

    -2.8700

    87.83

    -3.27%

  • NGG

    0.0900

    90.9

    +0.1%

  • JRI

    -0.2300

    12.59

    -1.83%

  • BCC

    0.3800

    70

    +0.54%

  • CMSD

    -0.1100

    22.99

    -0.48%

  • BP

    0.5100

    42.67

    +1.2%

  • VOD

    0.1000

    14.41

    +0.69%

  • AZN

    -2.6000

    189.9

    -1.37%

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