Dubai Telegraph - Hopes for recovery in focus at Asia's biggest airshow

EUR -
AED 3.849776
AFN 77.547314
ALL 99.149995
AMD 413.124979
ANG 1.889659
AOA 960.092355
ARS 1108.177456
AUD 1.646202
AWG 1.886644
AZN 1.779516
BAM 1.958763
BBD 2.117003
BDT 127.392721
BGN 1.961184
BHD 0.395298
BIF 3105.19757
BMD 1.048136
BND 1.40152
BOB 7.24496
BRL 6.00844
BSD 1.048486
BTN 90.537967
BWP 14.432834
BYN 3.431391
BYR 20543.458324
BZD 2.106186
CAD 1.490947
CDF 3008.149275
CHF 0.941137
CLF 0.025786
CLP 989.526965
CNY 7.600042
CNH 7.597416
COP 4274.366299
CRC 529.601185
CUC 1.048136
CUP 27.775594
CVE 110.432063
CZK 25.084293
DJF 186.71246
DKK 7.458837
DOP 65.338845
DZD 141.282734
EGP 52.885615
ERN 15.722034
ETB 132.0722
FJD 2.405158
FKP 0.829608
GBP 0.828468
GEL 2.932002
GGP 0.829608
GHS 16.186119
GIP 0.829608
GMD 75.465448
GNF 9058.500155
GTQ 8.083063
GYD 219.043308
HKD 8.143846
HNL 26.832521
HRK 7.549302
HTG 139.378982
HUF 403.835805
IDR 17091.314744
ILS 3.743154
IMP 0.829608
INR 90.759024
IQD 1373.38021
IRR 44024.502035
ISK 145.956336
JEP 0.829608
JMD 164.805339
JOD 0.743141
JPY 156.394939
KES 135.982168
KGS 91.659486
KHR 4195.175729
KMF 492.991155
KPW 943.300297
KRW 1503.667146
KWD 0.323663
KYD 0.859462
KZT 529.726176
LAK 22710.042606
LBP 93863.921215
LKR 309.918045
LRD 207.758164
LSL 19.227552
LTL 3.094872
LVL 0.634006
LYD 5.128815
MAD 10.430053
MDL 19.425535
MGA 4943.565481
MKD 61.467852
MMK 2200.83247
MNT 3629.811715
MOP 8.388063
MRU 41.992288
MUR 48.193458
MVR 16.203683
MWK 1816.826916
MXN 21.39738
MYR 4.631404
MZN 66.651897
NAD 19.227552
NGN 1571.835324
NIO 38.386689
NOK 11.688012
NPR 145.282508
NZD 1.825798
OMR 0.403532
PAB 1.048136
PEN 3.863948
PGK 4.213543
PHP 60.661248
PKR 292.930702
PLN 4.16708
PYG 8310.521989
QAR 3.815355
RON 4.987069
RSD 117.426979
RUB 92.722764
RWF 1465.570161
SAR 3.930995
SBD 8.837567
SCR 15.61178
SDG 627.791641
SEK 11.133842
SGD 1.400527
SHP 0.832876
SLE 23.835006
SLL 21978.885977
SOS 598.971583
SRD 37.18915
STD 21694.291338
SVC 9.170988
SYP 13627.707605
SZL 19.227552
THB 35.161163
TJS 11.429872
TMT 3.66871
TND 3.312098
TOP 2.497369
TRY 38.21643
TTD 7.121475
TWD 34.394152
TZS 2688.737699
UAH 43.862761
UGX 3846.532743
USD 1.048136
UYU 45.227799
UZS 13548.002508
VES 66.376723
VND 26743.001585
VUV 128.813462
WST 2.935113
XAF 657.32154
XAG 0.032179
XAU 0.000357
XCD 2.829917
XDR 0.798391
XOF 657.32154
XPF 119.331742
YER 259.664492
ZAR 19.275532
ZMK 9434.478351
ZMW 29.734624
ZWL 337.499245
  • SCS

    -0.1200

    12.31

    -0.97%

  • RBGPF

    65.4200

    65.42

    +100%

  • RELX

    -1.1200

    49.29

    -2.27%

  • GSK

    0.0807

    36.64

    +0.22%

  • RIO

    -0.7600

    63.53

    -1.2%

  • AZN

    0.7100

    74.22

    +0.96%

  • CMSD

    -0.0500

    23.42

    -0.21%

  • CMSC

    -0.0300

    23.37

    -0.13%

  • NGG

    0.2100

    61.31

    +0.34%

  • BCC

    -9.4800

    107

    -8.86%

  • BCE

    0.4000

    23.97

    +1.67%

  • VOD

    0.1000

    8.36

    +1.2%

  • JRI

    -0.0200

    12.8

    -0.16%

  • BTI

    -0.7000

    37.85

    -1.85%

  • BP

    -0.2800

    33.89

    -0.83%

  • RYCEF

    -0.1300

    7.7

    -1.69%

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."

C.Akbar--DT