Asian carriers lift Singapore Airshow deals to new high

Total orders reach a show record $32 billion in deals

Airbus Boeing Singapore Airshow

Singapore Airshow organisers last Friday announced a record high of more than $32 billion in deals as Asian carriers ordered more aircraft to meet explosive demand for cheap, short-range travel.

European manufacturer Airbus accounted for nearly half of the total, with almost $15 billion worth of orders for its popular A320 single-aisle plane and flagship A380 superjumbo.

The total figure beats the previous record of $31 billion set during the 2012 edition of the biennial event, and was more than triple the $10 billion spent in 2010.