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Aviation History
2000
2000 - 0351.PDF
ASIAN AERf/SPACE 2000 Airbus widebodies, such as this Korean AirA330, have proved widely popular in the region Road to recovery The gloom of the past two years has been replaced by a cautious optimism CHRIS JASPER AND MAX KINGSLEY-JONES/LONDON WHEN die aerospace industry last gath ered in Singapore, for Asian Aerospace '98, die sense of gloom was almost pal pable. Subsequent events fully justified that pessimism. Only now are Asian orders beginning to recover, although as far as Western airframers - particularly Boeing - are con cerned, die damage is done. The Asia-Pacific boom turned to bust with alarming speed and it is clear that in the few years before the collapse, the region's growth was fuelled by an unshakeable belief in an Asian "miracle", and precious little else. East Asia's star performers had, in reality, become over heated. In the last two years a painful adjust ment has inevitably taken place. As the miracle crashed around the boosters' ears, the whole of the region suffered, although the slump's impact hit some countries more severely than others. GLOBAL IMPACT While for certain industries the effect of the Asian decline was limited to that continent alone, the impact was felt globally in the aero space and airline sectors. Airframers were hit not only by the fall-off in Asian airliner demand, but took more punishment from the crisis' knock-on effect on Western airlines, which lowered their widebody aircraft requirements. •NMIiMKftiMi Airbus Asian backlog* Total backlog Asia proportion Boeing Asian backlog* Total backlog Asia proportion Grand total Asian backlog* Total backlog Asia proportion tyfl&HffliM Jan 1997 163 738 22.1% 390 1,705 22.9% 553 2,443 22.6* Jan 2000 82 1,418 5.8% 188 1,491 12.6% 270 2,909 9.3% ^rTiii™ change -50% 92% 16.3 -52% -13% 10.3 -51% 19% 13.4 •Airlines only Boeing data includes McDonnell Douglas Asia includes airlines in China/Hong Kong, Japan, and South-East Asia Source: Airclaims CASE database At the time of the 1998 show, East Asian air lines' orders accounted for a fifth of the entire world backlog. Today, this proportion has halved to 10% as the order intake from the FLIGHT INTERNATIONAL 15 - 21 February 2000 O
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