Farnborough 2016: Aviation giants celebrate successful biannual show

(Source: Internet)

American aviation manufacturer Boeing and European rival Airbus have celebrated a successful Farnborough International Airshow.

Boeing, which celebrates its centennial tomorrow, has seen multi-billion dollar orders and commitments across the company, including defence platforms, commercial airplanes and services agreements.

At the same time, Airbus won $35 billion worth of business for a total of 279 aircraft, covering by single-aisle and widebody aircraft families.

The deals comprise firm orders for 197 aircraft worth $26.3 billion and commitments for 82 aircraft worth $8.7 billion.

John Leahy, Airbus chief operating officer, customers said: “Our orders this week at Farnborough confirm a buoyant industry in which we have once again surpassed our competitor.

“In addition, airlines upsizing to the A321neo shows that this aircraft is the undisputed ‘middle-of-the-market’ champion.”

Customers announced orders and commitments during the week for a total of 182 Boeing commercial airplanes, valued at $26.8 billion at list prices.

Boeing has booked 321 net orders in 2016, as updated today on the Boeing Orders & Deliveries website.

(Source: Internet)

Customers also announced commercial services agreements valued at multiple billion dollars over the life of the contracts, including the largest commercial services order in Boeing history.

“As the birthplace of British aviation, there are few better backdrops to celebrate the accomplishments and wonders of the aerospace industry and mark our centennial than the Farnborough Airshow,” said Boeing chairman Dennis Muilenburg.

“Throughout the show, we demonstrated and discussed our innovative and cost effective products and services and the tremendous value they provide our commercial and defence customers.”

“On the commercial side of the business, we were pleased at the confidence our customers displayed in our portfolio of airplanes and services with significant orders and other announcements,” Muilenburg said.