Boeing announced services orders valued at more than $900 million at the Singapore Air Show in areas like parts, engineering, maintenance, modification, digitalization, analytics and training.
With the rising importance of the Asia-Pacific aviation market, Stan Deal, President and CEO of Boeing Global Services said, “Predicted growth for aerospace services in the Asia Pacific brings opportunities to partner with local industry to understand the region’s greatest needs, invest in new capabilities to meet those needs, and then bring them to market quickly.”
Earlier this year Boeing had released a forecast predicting the need for aerospace services at $2.6 trillion over the next 10 years. Over the next 20 years, it projected a total commercial services market worth nearly $8.5 trillion.
“Boeing is serious about helping customers optimize the performance of their fleets and reduce operational costs throughout the lifecycle,” added Deal.
Specific to the Asia-Pacific region, contracts were signed with various airlines. ANA and Malaysia Airline signed a contract for landing gear exchanges. China Southern Airlines and Guangzhou Aircraft Maintenance Engineering Company Limited (GAMECO) signed an agreement to develop service capabilities for the Boeing Global Fleet Care portfolio, as well as enhanced component and composite repair capabilities. Nippon Cargo Airlines signed a five-year agreement to renew Jeppesen charting and electronic flight bag services. Royal Brunei Airlines signed an agreement for five 787-8 overhead flight crew rest retrofits.
A SilkAir agreement was signed to receive fleet material services while Singapore Airlines signed a contract to use Electronic Logbook on its 777 and 787 fleet. Singapore’s Defense Science and Technology Agency too signed an agreement with Boeing to engage in collaborative research and experimentation activities, powered by Boeing AnalytX.
Outside the region agreements were signed with Alaska Airlines, Biman Bangladesh Airlines, Tunisair, Honeywell Aerospace, and Parker Aerospace’s Aircraft Wheel & Brake Division. Tianjin Air Capital signed a contract with AerData and Lufthansa Group signed an agreement for 25 landing gear exchange and overhauls across its 777-200F and 777-300ER fleets for AeroLogic, Lufthansa Cargo and Swiss International Airlines.
CEO Dennis Muilenburg has set a target for Boeing of $50 billion in services revenue by 2022.
As global air traffic demand exceeds pre-pandemic levels in 2024, airlines are turning their attention to fleet expansion, according to…
In recent months, the Houthi rebels in Yemen, an Iranian proxy, managed to shoot down a number of U.S-made MQ-9…
The recent German decision to equip its official aircraft with systems against Man Portable Air defence systems (MANPADS) is part…
The Armed Forces of the Philippines (AFP) is calling for a comprehensive missile defence system to safeguard the nation’s territory…
Airbus has urged the Philippine Air Force (PAF) to consider acquiring the Airbus A330 Multi-Role Tanker Transport (MRTT) aircraft to…
The Philippine military has underscored the urgent need for additional vessels and platforms to secure the country's territorial waters, amid…
Mayman Aerospace has completed successful flight tests at a military base in the Southern California desert of its Razor test…
Aselsan, Türkiye’s leading defense company, signed a number of critical agreeements at Azerbaijan Defense Exhibition (ADEX) in Baku, including the…
In the bustling maritime sector of the Philippines, DM8 Composites stands out as a pioneer in constructing advanced patrol boats.…
South Korean armoured vehicle manufacturer, Kovico is participating for the first time at the ongoing show. Speaking to Daily News,…
India’s state-owned Defence Public Sector Undertakings (DPSU), the Defence Research & Development Organisation (DRDO) and private Indian defence firms, are…
Mitsubishi Electric Corporation will complete the delivery of air surveillance radars ordered by the Philippines, later this year. Speaking to…
ASELSAN, Türkiye’s leading defence company, was established in 1975 starting its journey with the production of domestic radios and in…
Indonesia's defence industry, represented by DefendID, is making strides at ADAS 2024 in Manila, continuing its mission to promote homegrown…
3e Elektro Optik Sistemler is making its debut at the Asia Defence and Security Exhibition (ADAS) 2024, showcasing its innovative…
The Philippine Fleet (PF) announced on Monday the delivery of two additional fast attack interdiction craft (FAIC), also known as…
The launch of the second Miguel Malvar-class frigate, designated as the future BRP Diego Silang, is set for December 2024,…
In a discussion with Dato’ Sri Mohd Nizam Bin Kasa, the Managing Director of MILDEF International Technologies, Malaysia, Yulian Ardiansyah…
In a rapidly evolving maritime landscape, Chess Dynamics, led by Managing Director David Tuddenham, stands out as a key player…
At ADAS 2024 event currently taking place in the Philippines from 25 to 27 September, Systems Engineering & Assessment (SEA)…
As the geopolitical landscape in Southeast Asia continues to evolve, the need for advanced military capabilities has never been more…
Turkiye and Azerbaijan have signed several agreements to further enhance the defence capabilities of both the countries. Minister of Defense…
The STM500 shallow water diesel electric attack submarine is attracting considerable interest, especially from countries such as Pakistan and Azerbaijan.…
Türkiye’s global land systems manufacturer Otokar is exhibiting its ambulance variant of Cobra II 4x4 tactical wheeled armoured vehicle, which…
Azerbaijan is showcasing its prowess in building unmanned vehicles. On display at the ADEX are the indigenously made Kalan and…
Azerbaijan has taken delivery of three JF-17C (Block-III) multirole fighter aircraft from Pakistan, setting rumours of the purchase at rest.…
By ARIE EGOZI Israeli defence officials that arrived to attend the 5th Anniversary Azerbaijan International Defence Exhibition (ADEX) received questions…
UAE’s Edge Group is continuously growing and transforming, based on the requirements of its customers, says Hamad Al Marar is…
Barzan Holdings, which is owned by the State of Qatar, is clear about its intention. “We aim to grow into…
Robit Technology’s Azat First Person View (FPV) kamikaze drone is catching the eyes of the guests at the ADEX2024. The…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2024 GBP all rights reserved.