Singapore Airshow 2016: Orders slow, but mood remains 'buoyant'

• Report rights infringement
• published: 21 Feb 2016
• views: 0

A woman looks at a display of miniature commercial jets at the Changi Airport booth during the Singapore Airshow on Feb. 17, 2016. (Photo: Wallace Woon, EPA) SINGAPORE (AP) — Organizers of the Singapore Airshow said $12.3 billion in airplane deals were signed at the event this week, a sharp drop from the last show in 2014. Leck Chet Lam, managing director of Experia Events, said Friday that this year's figure was comprised of 10 deals, with another 40 made at undisclosed values. There were 24 undisclosed deals in 2014. BOOKMARK: Go directly to the Today in the Sky homepage The 2014 show generated $32 billion of sales. Organizers released this year's total which covers commercial, private and defense deals after the three-day trade period ended Friday. Modest airplane orders for Boeing and Airbus announced earlier in the week hinted at a lull in demand, as overflowing order books at the manufacturers and a fall in oil prices spurred airlines to keep their older less fuel-efficient planes for longer. South Korea's Black Eagles aerobatics team performs South Korea's Black Eagles aerobatics team performs an aerial display during the Singapore Airshow on Feb. 16, 2016. Roslan Rahman, AFP/Getty Images Fullscreen A formation of T-50 fighter jets, flown by the South A woman looks at a display of miniature commercial An Airbus A350 XWB flies at the Singapore Airshow A woman looks up to watch an aerial display during A Qatar Airways Airbus A380 plane is seen at the Singapore An Airbus A350 XWB flies during the Singapore Airshow Spectators look up to watch an aerial display at the A close-up view shows the propeller hub of a Cessna South Korea's Black Eagles aerobatics team performs South Korea's Black Eagles aerobatics team flying KAI Scale models of Boeing commercial aircraft are seen Two policemen patrol past a Qatar Airways Airbus A380 South Korea's Black Eagles aerobatics team flying KAI A Scoot Dreamliner 787 is seen during the Singapore A French fighter jet, the Dassault Rafale, performs An F-15 fighter releases flares during the Singapore South Korea's Black Eagles aerobatics team performs Republic of Singapore Air Force personnel look at an A USAF Boeing C-17 Globemaster III military transport A woman pictured through a display of miniature commercial A USAF Boeing C-17 Globemaster III military transport Scale models of Airbus commercial jets are seen on Airbus CEO Fabrice Bregier speaks during a press conference Visitors look at a Boeing CH-47 Chinook helicopter Visitors look at an Airbus A350 XWB commercial aircraft Airplane models are seen at the Boeing booth during Visitors use visors as they watch an aerial display Delegates look at a model of a turbofan engine at the Delegates are silhouetted against an illuminated display A visitor watches an Airbus A350 XWB commercial aircraft Philippine Airlines president Jaime Bautista (left), T-50 fighter jets from the South Korean aerial acrobatic Philippine Airlines chairman Lucio Tan (left) and Airbus Philippine Airlines president Jaime Bautista (left) Philippine Airlines chairman Lucio Tan (left) shakes A Republic of Singapore Air Force F-15SG releases flares Delegates view a model of a Leopard tank at the Krauss-Maffei Delegates pictured against model planes at the Sukhoi Delegates, pictured against an F-15 fighter jet model A man takes pictures of a flying French Air Force aircraft Two delegates are reflected in a puddle as they tour A delegate inspects the wing of a United States Air The Airbus A350 XWB pictured behind spectators as it A formation of T-50 fighter jets, flown by the South A formation of T-50 fighter jets, flown by the South A Qatar Airways Airbus A380 on display during the Singapore Photographers take pictures of an engine unit belonging The cargo hold of a Boeing C-17 Globemaster III during A pilot sticks his head out the cockpit of a Royal Security guards take shelter under the tail section A man boards a Bombardier Global 5000 executive jet A general view of the Bombardier executive jets and