Global slowdown overshadows Singapore Airshow
Aerospace leaders gathering for this week's Singapore Airshow face conflicting pressures as they juggle growing concerns over jetliner demand while keeping record production plans on track.
February 16, 2016 By Reuters
Worries about the effects of a faltering global economy and tensions in the South China Sea overshadow the two-yearly event in Singapore, which is both a major commercial travel hub and home to Southeast Asia’s most potent and best-trained air force.
For now, airline traffic continues to grow rapidly, spurred by continued growth in Asian household incomes, while airline profits also benefit from low oil prices. | READ MORE