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Singapore Airshow logs $32bn worth of deals

The Singapore Airshow has seen $32bn worth of commercial deals announced during the six-day event.

The total number of deals announced during the show rose $1bn from the $31bn taken during the last event in 2012. Military deals, which are largely kept private, were in addition to these figures.

 

Embraer took the largest new order, which was from the little known Indian airline, Air Costa. The deal included a firm order for 50 EJet-E2s, plus 50 options (See Fleet Beat, below).

 

Airbus also received a contract for up to 100 aircraft, however this was just the firming of a previously announced order from VietJet for A320s. Airbus also sealed a deal with lessor Amedeo (formally Doric) for up to 20 A380s.

 

ATR took orders for 48 aircraft (including 28 firm orders), worth nearly $1.2bn.

 

During the air show, ATR announced a contract for 40 ATR 72-600s (including 20 firm orders) from the UAE leasing company, Dubai Aerospace Enterprise, and a contract with the Spanish company, Binter Canarias, confirming the purchase of six ATR 72-600s.

 

Bangkok Airways was revealed as the previously unnamed purchaser of eight ATR 72-600 aircraft (including six firm orders), an order first placed on the company’s order book in 2013. 

 

Filippo Bagnato, CEO of ATR, said that he was "very satisfied with ATR's commercial results after the Singapore Airshow. This quantity of orders, just 45 days after the beginning of the year, puts us on the right track for achieving our 2014 business objectives.”

 

In addition, Nok ordered 17 737s and Myanma signed a leasing agreement with GECAS for 10 Boeing aircraft.

 

Other key announcements came from Airbus and SIA, who will form a joint venture to provide flight training. Bombardier also announced that it will form a Q400 training centre and it celebrated the opening of a new service centre at Seletar Aerospace Park. 

 

The show received more than 40,000 trade visitors from 125 countries during its first three days.

 

The last Singapore Air Show, in 2012, contributed over $254m to Singapore's economy.

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