by Kingseyi Sat Jul 21, 2018 4:03 pmEngland’s Farnborough airshow this week saw
deals worth $192 billion (164 billion euros), a
jump of more than 50 percent compared to
2016, in a sign of “confidence in global trade”,
organisers said Saturday.
The biannual air industry gathering recorded
more than 1,400 commercial aircraft orders,
valued at $154 billion, alongside at least 1,432
deals for engines worth $21.96 billion.
The total is an increase of $67.5 billion on the
last airshow two years ago, with the mile-high
rivalry between Boeing and Airbus — who made
the majority of plane orders — swelling sales.
US aviation giant Boeing announced 676 orders,
totalling $92 billion at list prices, as of
Thursday, while its European competitor had
unveiled 431 orders worth $70 billion.
“The major deals announced this week
demonstrate how confident the aerospace
industry is and the role of Farnborough as an
economic barometer,” said Farnborough
International chief executive Gareth Rogers.
The show attracted its most global attendance
ever with around 100 countries represented and
a record Chinese presence, Farnborough said in
a statement.
There was also a near-10 percent rise in trade
visitors compared to previous years, with more
than 80,000 visitors passing through the gates,
it added.
deals worth $192 billion (164 billion euros), a
jump of more than 50 percent compared to
2016, in a sign of “confidence in global trade”,
organisers said Saturday.
The biannual air industry gathering recorded
more than 1,400 commercial aircraft orders,
valued at $154 billion, alongside at least 1,432
deals for engines worth $21.96 billion.
The total is an increase of $67.5 billion on the
last airshow two years ago, with the mile-high
rivalry between Boeing and Airbus — who made
the majority of plane orders — swelling sales.
US aviation giant Boeing announced 676 orders,
totalling $92 billion at list prices, as of
Thursday, while its European competitor had
unveiled 431 orders worth $70 billion.
“The major deals announced this week
demonstrate how confident the aerospace
industry is and the role of Farnborough as an
economic barometer,” said Farnborough
International chief executive Gareth Rogers.
The show attracted its most global attendance
ever with around 100 countries represented and
a record Chinese presence, Farnborough said in
a statement.
There was also a near-10 percent rise in trade
visitors compared to previous years, with more
than 80,000 visitors passing through the gates,
it added.
