Page 12 - AAA NOVEMBER - DECEMBER 2016 Online Magazine

SHOW REPORT CHINA

Satisfying Show

It was good business all round at this year’s edition of the Zhuhai Airshow
By Our Correspondent

THE Buzz AT THIS YEAR’S CHINA what will be the largest market for passenger
International Aviation and Aerospace aircraft over the next 20 years, with an 18
Exhibition in Zhuhai, held in South China’s percent share of the total worldwide demand
Guangdong province matched up with the over the next 20 years for 33,000 new
pre-show expectations delivering a fitting aircraft as per Airbus forecasts, is what has
end to the 2016 air show calendar. According made Airshow China an event that no serious
to Airshow China organisers, deals worth aerospace OEM can hope to miss. It is also
over US$ 40 billion were signed by the end now abundantly clear that investments will
of the show. In September, China became need to be made into China by aerospace
the first trillion-dollar aviation market in OEMs, if they are to continue to bag large
Boeing’s Current Market Outlook (CMO) orders.
forecast, when the airframer projected
Airbus Helicopters will introduce Chinese demand at 6,810 new airplanes over Airbus
its next-generation, twin-engine
H160 helicopter in China, after the next 20 years, with a total estimated China is a vital market for Airbus, taking up
CMIG Leasing became the launch value at US$1.025 trillion. Airbus forecasts a 20 percent of its global production as of late
customer for the type at Zhuhai. In requirement for nearly 6,000 new passenger 2013. Chinese operators have an in-service
the picture: Tang Min, CMIG Leasing aircraft and freighters from 2016 to 2035, Airbus fleet of more than 1240 aircraft (over
President (Left) with Marie-Agnès
Veve, Head of Airbus Helicopters with a total market value of US$ 945 billion. 170 A330s and more than 1,000 A320 Family
in China Jockeying for market share and position in airplanes). The European airframer plans to
12 ASIAN AIRLINES & AEROSPACE NOVEMBER / DECEMBER 2016 WWW.GBP.COM.SG/AAA