The Singapore Airshow, Asia’s biggest aerospace gathering, is to go ahead as planned next week, despite a viral outbreak in China prompting some firms to pull out, but a key meeting of aviation officials has been canceled, organizers said yesterday.
The trade portion of the airshow, held every two years, is set to begin on Tuesday next week under the shadow of the outbreak that has prompted measures by several nations, including Singapore, to contain the spread of infections.
The city-state banned entry to all Chinese visitors and foreigners with a recent history of travel to China, which had raised concerns over the staging of the event.
The move came as the death toll in China from the flu-like virus rose to at least 425, with two other fatalities reported in Hong Kong and the Philippines.
The WHO last week declared the virus, which has spread to almost two dozen countries, a global emergency.
“In view of the evolving 2019 novel coronavirus situation, the organizer will introduce enhanced precautionary measures to safeguard the well-being and safety of all attendees,” Experia Events Pte Ltd said in a statement.
Additional temperature screenings are to be conducted at the show’s access points.
However, Experia said an aviation leadership summit scheduled on the eve of the event would be canceled as this would allow aviation executives to work out responses to the virus outbreak.
Aviation data firm OAG said there would be more than 25,000 fewer flights operated to, from and within China this week compared with two weeks ago, with 30 airlines halting services.
Citing industry sources, Reuters reported earlier that the summit, which was to involve 300 aviation executives, comprising government officials, civil aviation authorities and airline executives, had been canceled.
International Air Transport Association director-general Alexandre de Juniac would no longer travel to Singapore, said a spokesman representing the airline body.
Ten companies from China, including Commercial Aircraft Corp of China Ltd (中國商用飛機), which is developing the C919 narrowbody jet, and another six exhibitors from four other countries, would not attend the airshow, Experia said.
Business jet manufacturers Bombardier Inc, Textron Inc and General Dynamics Corp’s Gulfstream division are among those that have pulled out.
However, Boeing Co, Airbus SE and Lockheed Martin Corp, among the biggest exhibitors, yesterday said that they still plan to attend the show.
The lower attendance at the airshow, which is used as a barometer of the industry’s health, is a poor omen for a sector grappling with a sharp fall in travel demand due to the virus.
At the last show in 2018, there were 54,000 trade attendees from 147 countries and 1,062 participating companies, some of whom ended up signing deals covering commercial aviation, defense, maintenance and repair operations and business jets.
Hon Hai Precision Industry Co (鴻海精密) yesterday said that its research institute has launched its first advanced artificial intelligence (AI) large language model (LLM) using traditional Chinese, with technology assistance from Nvidia Corp. Hon Hai, also known as Foxconn Technology Group (富士康科技集團), said the LLM, FoxBrain, is expected to improve its data analysis capabilities for smart manufacturing, and electric vehicle and smart city development. An LLM is a type of AI trained on vast amounts of text data and uses deep learning techniques, particularly neural networks, to process and generate language. They are essential for building and improving AI-powered servers. Nvidia provided assistance
DOMESTIC SUPPLY: The probe comes as Donald Trump has called for the repeal of the US$52.7 billion CHIPS and Science Act, which the US Congress passed in 2022 The Office of the US Trade Representative is to hold a hearing tomorrow into older Chinese-made “legacy” semiconductors that could heap more US tariffs on chips from China that power everyday goods from cars to washing machines to telecoms equipment. The probe, which began during former US president Joe Biden’s tenure in December last year, aims to protect US and other semiconductor producers from China’s massive state-driven buildup of domestic chip supply. A 50 percent US tariff on Chinese semiconductors began on Jan. 1. Legacy chips use older manufacturing processes introduced more than a decade ago and are often far simpler than
STILL HOPEFUL: Delayed payment of NT$5.35 billion from an Indian server client sent its earnings plunging last year, but the firm expects a gradual pickup ahead Asustek Computer Inc (華碩), the world’s No. 5 PC vendor, yesterday reported an 87 percent slump in net profit for last year, dragged by a massive overdue payment from an Indian cloud service provider. The Indian customer has delayed payment totaling NT$5.35 billion (US$162.7 million), Asustek chief financial officer Nick Wu (吳長榮) told an online earnings conference. Asustek shipped servers to India between April and June last year. The customer told Asustek that it is launching multiple fundraising projects and expected to repay the debt in the short term, Wu said. The Indian customer accounted for less than 10 percent to Asustek’s
Gasoline and diesel prices this week are to decrease NT$0.5 and NT$1 per liter respectively as international crude prices continued to fall last week, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. Effective today, gasoline prices at CPC and Formosa stations are to decrease to NT$29.2, NT$30.7 and NT$32.7 per liter for 92, 95 and 98-octane unleaded gasoline respectively, while premium diesel is to cost NT$27.9 per liter at CPC stations and NT$27.7 at Formosa pumps, the companies said in separate statements. Global crude oil prices dropped last week after the eight OPEC+ members said they would