Page 5 - PARIS AIRSHOW 2023 INSIGHT | GBP

Preview

TIME TO

EDITOR’S NOTE TIME TO

CREDIT KEEP SCORE
KEEP SCORE
LINE Putting on a Show

The 54th edition of Paris Air Show has given the perfect stage

Editor-in-Chief for the aerospace and defence industry to comprehensively
Vittorio Rossi Prudente prove that the pandemic is now well and truly in the rearview
vittorio.prudente@gbp.com.sg mirror. Defence budgets around the world are growing while
commercial aviation and business aviation sectors are booming
Editor with record-breaking revenues. Supply chain-related problems
Jay Menon
jay.menon@gbp.com.sg persist, but the industry has proved that it can overcome even
greater challenges.
Technology Editor
Atul Chandra Much of the attention during the ongoing Show will be on the
atul.chandra@gbp.com.sg battle of commercial jet orders, involving Boeing, Airbus, and
Managing Editor Embraer. Airbus, which had a quiet Farnborough Show last
Arun Sivasankaran year, will be keen to walk away from the Show with plenty of
arun.sivasankaran@gbp.com.sg headlines to its credit. The industry’s focus on sustainability is The main story of the show is sustainability, but
another storyline worth watching over the next few days.
Art Director
Sudheesh Kularmunda commercial jet orders will dominate the headlines
sudheesh.kularmunda@gbp.com.sg Many years down the road, historians may look back at the
current edition of the Show as the one in which the Advanced
Web Director Air Mobility industry truly came of age. The number of AAM By Arun Sivasankaran
Elmer Valencia companies that are at the show, and the range of products they
elmer.valencia@gbp.com.sg are showcasing, are proof of an industry poised for takeoff.

Director of Sales or everything that has changed in the aerospace and element of the ongoing show, but that is only
Akshay Satyamurthy “Paris Insights” is our humble attempt to try and encapsulate
akshay.satyamurthy@gbp.com.sg some of the many story strands at the world’s biggest defence industry in the four years since the last edition a small element of the industry’s larger focus
aerospace and defence tradeshow. GBP Aerospace & Defence of the Paris Air Show, there is one thing that binds it to on sustainability. According to a McKinsey
Cover Image Credit is also reporting live from the Show. We promise to bring you F the past. Boeing and Airbus remain locked in an intense report released during the Farnborough Air
Dassault Aviation the latest news and views from the world of aerospace and perception battle, eager as always to earn bragging rights over Show last year, one of the primary reasons
defence, unfiltered and unbiased. Please visit www.gbp.com.sg the other in terms of sales. Over the next few days, expect a for the decline in funding for advanced air
for the latest news from the Show. flurry of orders, subtle one upmanship, and talk about supply mobility (AAM) in the first half of 2022 com-
Advertising Contacts: chain issues and future aircraft variants. pared to the same period in 2021, was the
marketing@gbp.com.sg industry’s focus on sustainable aviation. While
Editor The two industry giants will, as usual, generate plenty of head-
Europe & Americas Global Business Press lines, but the real story of the ongoing show lies elsewhere – in sustainable aviation accounted for just 2 per
and all other countries: the number of sustainability initiatives that you will hear about. cent of funding in the first half of 2021, the
Global Communications sas figure jumped to 23 per cent in the first half
Tel: +39 049 723548 With the industry intent on making greener air travel a reality, of 2022. The current week will tell us if the
Ingrid@global-communications.it expect sustainable aviation fuel (SAF), electric and hybrid electric trend continues.
vehicles, and hydrogen powered aviation to be major talking
Japan points. Keep an eye out for advanced air mobility vehicles as
Visionworks The Contest to Watch
Jerry.Suppan@gmail.com well – they have long ceased to be mere concepts and could be
flying over you, if you live in a city – by the end of 2024. Excitement over reports that Airbus is pre-
India + South East Asia paring to launch a larger version of the
Akshay Satyamurthy Almost every company of note that is working in the eVTOL
Mob: +919980080246 (Electric Vertical Take-Off and Landing) vehicle sector is here, 110-130-seat A220 at the ongoing show has
akshay.satyamurthy@gbp.com.sg died down after a company spokesperson told
eager to make an early impact in a market that is forecast to
grow exponentially over the next couple of decades. Some of Reuters that there are no plans to “launch a
Global Business Press Pte.Ltd. them have their aircraft on display. Volocopter, which is not new variant in the current environment.” Such
30 Cecil Street, an aircraft is, however, part of the company’s
#19-08 Prudential Tower, Singapore 049712 hiding its goal of its “air taxi taking to the skies first, commer-
Tel: +65 6850 5269 | Fax: +65 6438 2436 cially, before any other UAM competitor,” is in fact demonstrating plans, with the spokesperson confirming that
Email: enquiry@gbp.com.sg | Web: www.gbp.com.sg eVTOL flights at the show using its Volocity VC200. it was only a matter of “when and not if” the
aircraft is introduced. The A220, acknowl-
The eVTOL segment may well end up being the most eye-catching edged in industry circles for its quality and
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