SINGAPORE — Asian airlines face “drastic” cuts in their planned growth because of the coronavirus crisis, an industry group warned, adding gloom to an already depleted Singapore Airshow as more companies scaled back plans on Monday. “If you look at the schedule cuts and the actual operations they have been cut by 50%, 60%, 70% within China. There are 43 confirmed cases of coronavirus in Singapore. The air show’s organizers said on Sunday they were expecting more than 930 companies from 45 countries and 45,000 trade attendees – down from the 54,000 at the last show in 2018. ST Engineering is majority owned by Singapore state investor Temasek Holdings.

Source: National Post February 10, 2020 05:48 UTC