Page 4 - SINGAPORE AIRSHOW 2024 - INSIGHT

EDITOR’S NOTE CREDIT

Singapore Sling! LINE

As the global aerospace and defence markets continue to rapidly
grow and evolve, Singapore Airshow is the perfect platform to EDITOR-in-CHIEF
showcase the transformation of these industries, which continue Vittorio Rossi Prudente
to see significant levels of innovation, infrastructure expansion, vittorio.prudente@gbp.com.sg
and technological advancement. Being Asia’s most influential
international aerospace and defence exhibition, the event will help Editor
Jay Menon
stakeholders forge strategic alliances as well as collaborate for jay.menon@gbp.com.sg
change to shape the future of the industry.
Editor
The ongoing dynamic growth of economies in Southeast Asia Geoffrey Thomas
presents defense companies with significant opportunities. In geoffrey.thomas@gbp.com.sg
the present scenario, various Southeast Asian countries are now Managing Editor
upgrading their military capabilities, with an eye toward better pro- Arun Sivasankaran
tecting their assets critical to exports and supply chains. Although arun.sivasankaran@gbp.com.sg
defence deals often come with bilateral security agreements and
technology co-operation, such aerospace events help militaries Technology Editor
Atul Chandra
identify the right weapon systems to meet their requirements. atul.chandra@gbp.com.sg

And Asia is still centre of the commercial aviation world and the ASEAN Correspondent
growth numbers underpin a return to the rapid expansion wit- Yulian Ardiansyah
nessed before COVID. Figures for 2023 from the Association of yulian.ardiansyah@gbp.com.sg
Asia Pacific Airlines (AAPA) show robust growth in international Art Director
passenger demand, underpinned by strong appetite for travel Sudheesh Kularmunda
following the removal of the region’s remaining pandemic-related sudheesh.kularmunda@gbp.com.sg
travel restrictions.
Web Director
In 2023 the region’s airlines recorded a stunning 161.0% increase Elmer Valencia
elmer.valencia@gbp.com.sg
in the number of international passengers carried to a combined
total of 278.5 million. The increase in demand was supported by Director of Sales
a 106.2% expansion in available seat capacity for the year, as Akshay Satyamurthy
airlines restored flights within the region and across regions. The akshay.satyamurthy@gbp.com.sg
international passenger load factor returned to pre-pandemic Cover Image Credit
levels with an average of 80.9% in 2023, an 8.7 percentage point RSAF
increase compared to 2022.These numbers give rise to optimism
for the Singapore Airshow participants.

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4 SINGAPORE AIRSHOW 2024 INSIGHT ∙ 20 FEBRUARY 2024 WWW.GBP.COM.SG