Arab Today, arab today asian carriers more cautious with orders
Last Updated : GMT 19:56:12
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.

 

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*

Arab Today, arab today asian carriers more cautious with orders Arab Today, arab today asian carriers more cautious with orders

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Haifa Wahby bets on her new drama show

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 22:19 2017 Friday ,24 March

Reveals reasons of hepatitis in Algeria

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
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