Singapore Airshow's Trade Segment closed with 14% More Buys

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The Singapore Airshow continues to pull in the numbers, with this year’s edition attracting 10 per cent more trade visitors than the previous event in 2014. The number of VIP visitors also rose by five per cent. A total of 50 deals were made during the four-day trade segment of the event, as compared to 2014′s 44, an increase of 14 per cent.

The 10 contracts that were disclosed have a total value of US$12.3 billion, down from the revealed US$32 billion in 2014. But, this doesn’t account for undisclosed purchases. Only 20 per cent of the customers this year revealed their buys, compared to about 50 per cent in the last show.

Some of the world’s top-of-the-line business jets were also on display. These included Gulfstream’s US$66.5 million G650ER, the Bombadier Global 6,000, priced at US$62.3 million, and the US$53.8 million Dassault Falcon 7X.

With the air show’s ability to pull in key decision makers around the world, nearly three-quarters of the exhibitors have made reservations for the next edition in 2018.

Read the full story at The Peak.

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