* 'All bets off' for site visitors forecasts - head of Asian airline group * SIA Engineerin
* ‘All bets off’ for site visitors forecasts – head of Asian
airline
group
* SIA Engineering, GE Aviation postpone groundbreaking
ceremony
* Saudi Arabia Common Authority for Army Industries
withdraws
By Jamie Freed and Tim Hepher
SINGAPORE, Feb 10 (Reuters) – Asian airways face “drastic”
cuts of their deliberate development due to the coronavirus disaster,
an business group warned, including gloom to an already depleted
Singapore Airshow as extra firms scaled again plans on Monday.
The Singapore Airshow from Feb. 11 to 16 is continuing, however
the exhibition centre is pockmarked with empty areas that may
have held shows from Chinese language firms and others skipping
the present due to the epidemic, which has killed greater than 900
individuals. [nL4N2AA01K]
Greater than 70 exhibitors, together with main U.S. defence corporations
Lockheed Martin Corp and Raytheon Co have pulled
out over considerations associated to the brand new coronavirus. [nL4N2A5534]
Few offers are anticipated on the biennial occasion, the place the
epidemic has triggered new security measures and solid a shadow
over airline earnings and demand for airplanes.
Earlier than the coronavirus hit, the Worldwide Air Transport
Affiliation had anticipated passenger numbers to rise by 4% in 2020
and cargo site visitors to be 2% larger.
“All bets are off…