WRAPUP 1-Global air industry sees recovery but not this year
* Boeing, Airbus see orders flat this year
* Airbus upbeat for longer-term
* Embraer, Bell Helicopter see revenues climbing
* US-China row overshadows Singapore air show
By Mariko Katsumura and Harry Suhartono
SINGAPORE, Feb 3 (Reuters) - The global economy may be climbing out of recession but the air transport industry does not expect any significant pick up in orders this year, executives said on Wednesday.
"Cautious optimism" is the dominant phrase at the Singapore Airshow this week, the first major industry event of the year after a wretched 2009, when aircraft orders at both Boeing (BA.N: Cotización) and Airbus EAD.PA were the worst in 15 years.
Amid a dearth of orders at the air show, both manufacturers said demand was likely to remain more or less flat in 2010. But there were some spots of good news elsewhere.