Have you attended the 5th Singapore Airshow 2016?

Amid a global economy slowdown, the recently ended Singapore Airshow 2016 reported fewer major deals as compared 2 years ago. The trade segment of the 6 days Singapore Airshow has concluded on last Friday with 11 deals worth US$12.7 billion, down from the 20 deals worth US$32 billion in 2014. However there are 41 deals with undisclosed values, an increase from 24 deals in 2014. Commercial sales of air plane has dropped but defence sales is up.

The chart below show the deals value that had been reported since the very 1st Singapore Airshow in 2008. This year is the 5th Singapore Airshow being organised in Singapore. It was reported in 2008 US$13 billion, 2010 US$10 billion and 2012 US$31 billion.

From the chart, we can tell that in 2012 and 2014, the global economy pick up after the Global Financial Crisis in 2008. So in general, with strong sets of economy data and stock market booming period, the economy is doing better, same goes to the Singapore Airshow. This year, the economy is not doing that well due to rising interest rate, oil price slump crisis and the slowdown of the China's economy etc. triggered the drop in the number of deals being closed.

I do enjoyed the Singapore Airshow especially seeing the fighter planes flying around and creating lots of stunts in the air. Somemore we only got to see it once every 2 years. It is definitely a nice event you will not want to miss.