asian carriers more cautious with orders
Last Updated : GMT 22:38:38
Arab Today, arab today
Arab Today, arab today

Asian carriers more cautious with orders

Arab Today, arab today

Arab Today, arab today Asian carriers more cautious with orders

Asian airlines which were famed in the past for multi-billion-dollar orders
Singapore - AFP

Asian airlines which were famed in the past for multi-billion-dollar orders have become more cautious in the face of thinner profits and a global economic downturn, a Boeing executive said Monday.

"Nobody has come to us and asked for any deferral," said Dinesh Keskar, senior vice president for sales at Boeing Commercial Airplanes covering the Asia-Pacific and India.

But Keskar, speaking on the eve of the Singapore Airshow, said the time for big-ticket orders may be over, replaced by smaller buys with shorter replacement cycles.

"From the Boeing point of view, we are in a good spot," said Keskar,

"In terms of the low-cost carrier market, our big customer here (in Southeast Asia) is Lion Air. We have delivered 165 airplanes for them and they continue to take deliveries on time," he told reporters.

"When we look at airlines like Virgin Australia, Jet Airways or Spice Jet in India all of them are doing fine. In fact some of them want their airplanes early, and our backlog is over 5,000 airplanes now so it's difficult to accelerate anybody's airplanes."
However, airlines had become more cautious.

"You haven't seen any substantial orders from this part of the world (recently) and I think there was a time when a hundred-plane order was considered the fashion. It isn't the case right now," Keskar said.

In August last year, Indian airline IndiGo confirmed an order for 250 A320neo planes from Europe's Airbus in a deal worth $26.5 billion at catalogue prices at that time.

Tony Tyler, director-general of the International Air Transport Association, said Sunday some airlines in the region may try to push back their orders due to softer profits.

He said that while airlines worldwide are expected to deliver $36 billion in profits this year, up 10 percent from 2015, the majority of this would be coming from North America.

Speaking at an aviation conference on Monday, Tyler said Asia-Pacific carriers are expected to generate $6.6 billion in profit this year, equating to just over $5.0 per passenger, compared to $21 per passenger in North America.

Airline savings from low fuel costs are being eroded by hedging losses and a strong dollar, Tyler said, noting that the greenback climbed 20 percent over the past 18 months.

With the Asia-Pacific accounting for 40 percent of global air cargo, regional carriers have been hit badly by the global economic slowdown, worsening the impact of competition from Gulf carriers, the IATA chief added.

Over the long term, however, the region's prospects are buoyant, according to Boeing's Keskar.

Airlines worldwide will need 38,050 new planes valued at $5.6 trillion in the next 20 years, with Asia accounting for 38 percent of the deliveries, he said.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

asian carriers more cautious with orders asian carriers more cautious with orders

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

asian carriers more cautious with orders asian carriers more cautious with orders

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday