The Singapore Airshow saw $10 billion in deals. However, although $10 billion may seem a lot, the figure is in fact down about 23% from the previous show in 2008. Still, on the bright side, it is double what the event organisers had predicted.
Some 70% of the deals signed were commercial, but few major contracts by the aircraft giants Boeing or Airbus.
Channel News Asia reports one prominent visitor this year, which could shake up the scene at the next show in 2012, is the Commercial Air Corporation of China or COMAC. The company showed its much anticipated C919 passenger aircraft for the first time outside of China.
COMAC believes it will be able to deliver faster, more economical aircraft to Asian markets when the smaller passenger carrier, ARJ-21, comes to market late this year. However, it still requires a lot of certification and this can take a considerable time.