Singapore Airshow announces $12B of deals from trade days
Modest airplane orders for Boeing and Airbus announced earlier in the week hinted at a lull in demand, as overflowing order books at the manufacturers and a fall in oil prices spurred airlines to keep their older less fuel-efficient planes for longer.
"Many Asian airlines placed large orders between 2011 and 2014, and now have a long pipeline of aircraft deliveries to absorb over the next four years," said Rajiv Biswas, Asia-Pacific Chief Economist at IHS Global Insight.
[...] Biswas said the mood in the commercial aviation industry remains buoyant, with growth in air passenger numbers expected to remain robust.