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Mon, Feb 20, 2012

Singapore Airshow 2012 Wraps Up Trade Days With Record Deals

Over $31 Billion In Business Transacted During The Event

Singapore Airshow 2012, Asia's largest and one of the three most important aerospace and defence exhibitions in the world, wrapped up the trade segment of the six-day event with a record value of deals announced worth over $31 billion. Major announcements include contracts for Boeing, Airbus, Pratt & Whitney, CFM and ATR. This represents a threefold increase over the total value of deals announced in 2010.

Over four trade days, Singapore Airshow 2012 played host to some 900 exhibitors from 50 countries and 266 delegations from 80 countries who flew into Singapore to network, establish partnerships and forge new deals. In all, some 38,000 trade visitors from 119 countries visited the show during the first three trade days, compared to some 35,000 in 2010. Of these, over 30% were from overseas. Some 70% of exhibitors at Singapore Airshow 2012 have already reaffirmed their plans to exhibit at the next airshow in 2014, underscoring the relevance of Singapore Airshow as an essential platform for them to reach out to their key markets, especially the emerging markets in Asia.

"We are pleased with our experience at the Singapore Airshow," said Katy Padgett, Manager, Communications, Pratt & Whitney. "It 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."

"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. We were very pleased with the organisation and the opportunities to network with the overseas delegations," said Adam Thomas, Senior Government spokesman for UKTI's Defence and Security sector.

The event will next be held February 11 to 16, 2014 at Changi Exhibition Center.

FMI: www.singaporeairshow.com

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