Boeing Racks Up Firm Orders at Airshow, Airbus Not So Much

Darnell Taylor
July 18, 2018

Speaking at the industry showcase that is the Farnborough International Airshow the Prime Minister promised to deliver £300 million of investment in a sector worth £60blln to the United Kingdom and supporting millions of jobs.

The company's sales forecast for the next two decades predicts a 5% rise to 31,360 in demand for single-aisle aircraft, such as the Boeing 737 and Airbus A320 families, which are popular with low-priced airlines.

Chicago-headquartered Boeing could signal plans for its new midsize airplane (NMA), but reports suggest this could be derailed by the festering global trade war spearheaded by US President Donald Trump.

"The worldwide political, military and business leaders visiting Farnborough will be reassured by last week's Brexit white paper and are keen to hear more about the UK's post-Brexit ambitions".

Rising demand for various types of passenger planes from emerging economies and the soaring success of no-frills airlines will raise the market's need over the next two decades, Airbus has forecast.

The quintessentially English atmosphere of the Royal International Air Tattoo, where straw-hatted VIPs watch fighters thunder over picturesque Cotswolds villages, gives way on Monday to the Farnborough Airshow, where the hard-nose business deals in the $800 billion aerospace and defence sector will be done. The order is worth nearly $5 billion. Boeing also announced a commitment from DHL for seven options on the 777F freighter. The $23bn AirAsia deal would give a boost to Airbus's slow-selling A330neo wide-body, while adding to the order pile for the popular A320neo narrowbody family. The biggest of those were a MOU for 80 of the jets by an "undisclosed" aircraft lessor and a "letter of intent" by India's Vistara for 50.

Washington recently imposed 25-percent tariffs on $34 billion of Chinese imports, and Beijing responded with tariffs on the same amount of USA exports to China.

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But behind the headline-grabbing deals, smaller companies, many of whom are suppliers for the likes of Boeing and Airbus, can't help but cast a wary eye on the proceedings.

ADS, the powerful industry body which also represents companies in Gloucestershire including the mighty Staverton-based Safran, the landing gear specialists, welcomed the statement - with a caveat.

The London newspaper also takes overseas look at the show.

Besides its relationships with China, Boeing can also rely on its proximity to the USA government.

"But business was brisk on the first day of the July 16-22 air show, though analysts will be watching closely to see how numerous deals are new, and how many involve adjusting earlier business or switching models - something not always easy to spot at first". "But we will do so in a way that is good for business and good for our future prosperity".

Boeing noted that "a portion of the order was previously unidentified on Boeing's Orders & Deliveries website".

Boeing Commercial Airplanes CEO, Kevin McAllister (left), and Qatar Airways CEO, Akbar Al Baker, display commemorative contracts as they announce the purchase of planes for Qatar Airways' cargo unit at the Farnborough Airshow near London, on July 16, 2018.

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