Posted on: 23 July 2018 by Kimberley Young
A total of US$192 billion in aerospace deals were done at this year’s Farnborough International Airshow, up by $67.5 billion from the 2016 event.
During the trade show more than 1,400 commercial aircraft were ordered, valued at $154 billion, while more than 1,432 engines were ordered in deals worth $21.96 billion.
Farnborough International chief executive, Gareth Rogers, said: “Going into the show, the industry backlog is at a record high, in excess of 14,000 aircraft on the books. The major deals announced this week demonstrate how confident the aerospace industry is and the role of Farnborough as an economic barometer.”
The airshow attracted its most global attendance yet, with around 100 countries in attendance and a record Chinese presence. There was also a rise in trade visitors of nearly 10% compared to previous years, with more than 80,000 visitors, as well as a 163% increase in airline customer attendance.
Rogers continued: “This show brings the global aerospace world together for an intense but important week. Manufacturers, airlines, financiers, military and government representatives; they’re all here. Six months’ worth of meetings can take place in a week, it’s a highly productive place to be.”
As the trade week, held from 16-22 of July, drew to a close Airbus and Boeing released their total figures for orders and commitments announced during the week.
Boeing announced a total of $98.4 billion in orders and commitments for commercial aircraft at list prices, and $2.1 billion in commercial and defence services orders and agreements. Boeing reported the week was strong for “order capture in commercial aviation” with customers announcing 673 orders and commitments in total.
Meanwhile, Airbus announced it won business for 431 commercial aircraft over the week, with 93 firm orders and 338 Memorandum of Understandings. The orders were comprised of 60 A220-300s, 304 A320 Family aircraft, 42 A330neos and 25 A350XWBs.
Rogers went on to say: “The Farnborough International Airshow continues to be at the epicentre of the aerospace community and we look forward to growing this pivotal role over the next two years as we head towards the 2020 Airshow.”
Written by: Kimberley Young
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