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Farnborough Airshow opens with US$46.4 bln in deals

By Wang Zhiyong: 0 Comment(s)Print E-mail China.org.cn, July 18, 2018

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The week-long 51th Farnborough International Airshow opened on July 16. Held every two years, the show serves as a shop-window for the aerospace industry featuring exhibitors from the civilian, defense and space sectors. [Photo by Wang Zhiyong/China.org.cn]

The Farnborough International Airshow has opened with US$46.4 billion in deals already announced, surpassing the US$23 billion achieved on the first day of the 2016 Airshow.

Orders were placed for 311 civil aircraft across the show worth US$43.6 billion. More than US$2.8 billion in engine orders were also announced. Going into the show, the commercial aircraft backlog stood at 14,327 – the largest ever.

The British Prime Minister Theresa May officially opened the Airshow, which comes 37 weeks before the UK leaves the European Union.

The Prime Minster was joined by astronaut Tim Peake who was at the Airshow's Space Zone following the announcement of a vertical launch spaceport in Sutherland, Scotland.

Gareth Rogers, chief executive of Farnborough International said: "The Farnborough International Airshow connects an industry worth US$350 billion. From the orders announced through to the presence of global industry leaders and government representatives from around the world, it is the preeminent showcase for businesses of all size."