Regulations and Government
Asian Carriers Face a Bumpy Flight Path
Singapore transport minister warns of deteriorating economic conditions
Singapore transport minister Khaw Boon Wan addresses delegates at the Singapore Airshow Aviation Leadership Summit. (Photo: Singapore Ministry of Transport)
Singapore transport minister Khaw Boon Wan addresses delegates at the Singapore Airshow Aviation Leadership Summit. (Photo: Singapore Ministry of Transport)

Singapore minister for transport Khaw Boon Wan warned of a darkening economic outlook and its potential for slowing air transport growth during Monday's Singapore Airshow Aviation Leadership Summit at the Raffles City Convention Center. Even collapsing oil prices, which on its face might seem to benefit the region’s airlines, reflect the highly volatile economic environment and could portend a slowdown in travel demand, he suggested.