By Tim Hepher and Jamie Freed
By Tim Hepher and Jamie Freed
SINGAPORE, Feb 13 (Reuters) – Competitors is cranking up on the planet of turboprops.
For years turboprops have been an ignored nook of the plane business, accounting for about 120 plane a 12 months in contrast with the greater than 1,000 jets made by giants Airbus and Boeing.
However rising rivalries within the turboprop enterprise lower by means of a Singapore Airshow depleted by coronavirus this week.
Whereas intercontinental jet journey is weak to commerce wars and disruptions reminiscent of epidemics, regional improvement in archipelago nations like Indonesia is favouring the turboprop.
The market has been dominated for years by Europe’s ATR, collectively owned by Airbus AIR.PA and Italy’s Leonardo LDOF.MI, which enjoys a comparatively undisturbed lion’s share of the market with a small slice additionally held by the Canadian-owned De Havilland Sprint 8.
However the business arm of Brazil’s…