More than $192bn worth of deals signed at Farnborough

posted on 23rd July 2018 by Justin Burns

The 2018 Farnborough International Airshow held last week saw $192 billion in deals, up by $67.5 billion on the 2016 airshow.

More than 1,400 commercial aircraft were ordered at the show valued at $154 billion and more than  1,432 engines were ordered 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.

“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.

“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.”

Coming 37 weeks before Brexit, the show attracted its most global attendance ever with around 100 countries in attendance and record Chinese presence. There was also a rise in trade visitors of nearly ten percent compared to previous years, more than 80,000 visitors passed through the gates.

The airline customer asserted itself with 163 per cent increase in attendance. Ten airline CEOs attended a roundtable event, including Christine Ourmieres-Widener of Flybe and Calin Rovinescu of Air Canada.