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Singapore Airshow 2020
Singapore Airshow 2020: Airbus anticipates $1.8 trillion for services in the Asia-Pacific region © Airbus

| Alexandre Rocchi

Singapore Airshow 2020: Airbus anticipates $1.8 trillion for services in the Asia-Pacific region

This projection, over the next twenty years, represents more than a third of that concerning the world market for air services valued at 4.9 trillion dollars.

The strong growth expected in the air transport market in the Asia-Pacific region should be accompanied by a sharp increase in the need for services (maintenance, pilot training and passenger experience). This was announced by Airbus during the second day of the Singapore Airshow, which takes place until February 16.

 “We estimate that the global market for air transportation services should represent global revenues of $4.9 trillion over the next twenty years”, said Rémi Maillard, senior vice president of Airbus Services. “On this global projection of market increase, the Asia-Pacific region should represent more than a third, with a total of 1.8 trillion dollars”. Airbus Services, whose three hubs in the Asia-Pacific region are based in Singapore, Beijing and Delhi, continues to strengthen its capacities in the region, especially with the development of the Sepang Aircraft Engineering MRO center based in Kuala Lumpur, Malaysia as well as the addition of two flight training centers in Vietnam (Airbus A320) and one in Singapore (Airbus A350). Airbus also completed the first full-cabin retrofit of an A380 for Singapore Airlines in the HMSS (Heavy Maintenance Singapore Services) center, which is in fact a joint venture between Airbus and SIAEC (SIA Engineering Company), the MRO division of Singapore Airlines.

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