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| Singapore Airshow sees deals worth $31 bn |
| Press Trust of India / Singapore Feb 17, 2012, 18:48 IST |
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Deals worth more than $31 billion were announced at the ongoing Singapore Airshow 2012, the organisers said today.
Major deal announcements during the six-day show included contracts for Boeing, Airbus and Pratt & Whitney, a three-fold increase over the total value of deals announced in 2010.
Managing Director of Experia Events Pte Ltd, the show organiser, Jimmy Lau said, "We are delighted that deals worth over $31 billion were announced at Singapore Airshow 2012, surpassing the $10 billion worth of deals announced in 2010."
The show, which opened on February 14, will continue till February 19.
About 38,000 traders from 119 countries have visited the show till now compared to about 35,000 in 2010.
Around 900 exhibitors from 50 countries and 266 delegations from 80 countries also attended the show.
The next Singapore Airshow will be held in 2014.
Katy Padgett, manager (communications), Pratt & Whitney, said: "The Singapore Airshow continues to be a great platform for us to reach out to the aviation community in the Asia Pacific region.
"As an industry leader, it is critical for us to have a significant presence at major airshows around the world and the Singapore Airshow ranks high on our priorities".
Pratt & Whitney is a leading player in design, manufacture and service of aircraft engines, among other things.
Adam Thomas, senior government spokesman for UK Trade & Investment's Defence and Security sector, said: "The Singapore Airshow was an important opportunity for UK companies in the Aerospace and Defence sectors to promote their capabilities and identify potential joint venture opportunities"
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