At the Singapore Airshow, Airbus and China dominate the spotlight with no Boeing passenger jets present.
- Boeing will not participate in the Singapore Airshow, leaving the spotlight for passenger jets to Airbus and China's domestic aircraft.
- Chris Olin, a Northcoast Research analyst, stated to CNBC that the industry contacts they communicate with view the issues at Boeing, particularly with the 737 Max, as an early chance for Comac.
- Boeing will exhibit its defense capabilities and feature various fighter jets, including the B-52 Stratofortress, in the U.S. Air Force aerial display.
The Singapore Airshow will not feature any commercial planes from Singapore, leaving the spotlight for passenger jets to both Airbus and China's homegrown offering.
In January, Boeing experienced a decrease in aircraft orders and deliveries following a midflight explosion of a fuselage panel on a 737 Max 9.
Despite the presence of Airbus and Comac C919 commercial liners, Boeing will not showcase any commercial aircraft at the air show.
Boeing will exhibit its defense capabilities and feature various fighter jets, including the B-52 Stratofortress, in the U.S. Air Force aerial display.
Boeing will showcase its wide-body 777X passenger plane at the air show, despite no commercial jets being featured. The company claims it is the world's largest twin-engine jet, but deliveries for the aircraft, expected from 2025, have been delayed.
The Singapore Airshow, held from February 20th to 25th, attracts thousands of attendees, including military officials and aviation enthusiasts.
This year's event includes participation from other aerospace and defense companies such as , , , and .
Since the recent blowout, this is the first significant international aerospace event, resulting in Boeing facing another safety crisis after the U.S. safety regulators ordered the temporary grounding of over 170 Boeing 737 Max 9 planes.
On January 5, an Alaska Airlines flight from Portland, Oregon experienced a door plug blowout mid-air during takeoff, which did not result in serious injuries to passengers but caused Boeing executives to struggle to regain the trust of airline customers, investors, and regulators.
The accident clouded the U.S. plane manufacturer’s strong finish in 2023.
Airbus will showcase its A350-1000 widebody model and have static displays of helicopters, military aircrafts, and the A330neo commercial jet at the air show.
China’s homegrown competitor
The C919 commercial aircraft, developed by Comac, will be displayed and flown by China.
The first time China will showcase its indigenous aircraft to an international audience at the biennial event is highly anticipated.
Although the aircraft is only approved by Chinese authorities, experts predict it could challenge the commercial aviation market's dominance by Boeing and Airbus.
Chris Olin, a Northcoast Research analyst, stated to CNBC that the industry contacts they communicate with view the issues at Boeing, particularly with the 737 Max, as an early chance for Comac.
Boeing's Max market share may be impacted by the C919, but the effect is likely to be limited to 75-100 jets per year, according to Olin.
Not all bleak for the year
Despite the Max crisis and supply chain disruptions, analysts predict that Boeing will only experience short-term effects.
Boeing commercial airplanes had their best order year on record in 2023, with December being particularly strong, according to Myles Walton, managing director at Wolfe Research. Like Airbus, Boeing is predicted to experience higher deliveries year after year.
Walton stated that Boeing's delivery growth rate for 2024 is likely to be higher due to their lower starting level in 2023, although the quantum of growth would be more similar.
— CNBC’s Leslie Josephs contributed to this story
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