Orders rain at Farnborough for Boeing and Airbus

Adjust Comment Print

Britain sought to project an image of aerospace prowess long after it leaves the European Union, at the Farnborough airshow on Monday, as Airbus and Boeing announced a raft of deals and issued optimistic outlooks for the global industry.

"We are going to continue to grow in the United Kingdom", he said, adding that Boeing would maintain a long-term view of its United Kingdom investments, "regardless of how Brexit plays out". Aerospace thrives on free and open global trade, Mr Muilenburg said, and finding solutions is "an important topic to us".

Boeing, which calls itself America's biggest exporter, delivered more than one out of every four jetliners it made past year to customers in China, one of the world's fast-growing aircraft markets.

The U.S. industrial conglomerate needs to do further work on the proposals, especially since Boeing has yet to decide whether to recruit an exclusive turbine provider or involve two competing suppliers, GE Aviation chief David Joyce said Monday at the Farnborough air show.

The airline's cargo division also publicly displayed one of its freighter aircraft for the first time at Farnborough International Airshow. "People feel great when you launch, but shareholders don't feel great until you're successful".

Those 19 orders are worth almost $7.7 billion at list prices, or $3.5 billion at actual market prices as estimated by Avitas. "We could not have achieved this success without our resilient relationship with Boeing".

Trump, Putin tout reset in ties at summit
From the Kremlin's perspective, however, the project of improving US-Russian relations is only beginning. A wary and robust stance toward Russian Federation has been a bedrock of his party's world view.

Russian airline Volga Dnepr committed to buying Boeing freighters worth $11.8 billion at list prices, while US leasing company Air Lease Corp committed to buying as many as 78 Boeing aircraft worth $9.6 billion.

The planes will be delivered between 2023 and 2025, and buyers are already lined up, Bright said in an interview. The A350-900 carries a tag of $317.4 million apiece, valuing the mainland carrier's order at $3.2 billion. 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.

In separate interviews, they said nothing good will come from the tension that's been gathering momentum over recent weeks.

There will be additional money for two new spaceports - one in Cornwall, one in Scotland - and a long-awaited commitment to build a new high-tech fighter aircraft that will eventually replace the Eurofighter Typhoon.

Airbus is seeking to jump-start the order book for its newly acquired C Series small jetliner, now dubbed the A220. Sichuan will also lease four of the planes. Going into Farnborough, the planemaker was trying to iron out the last hurdles to a 60-jet order from David Neeleman, founder of JetBlue Airways Corp, and a group of investors who are trying to start a new U.S. low-priced airline. "This has changed the whole landscape in terms of its credibility".