18 JULY 2016
BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.
The Business Travel News
PO Box 758
Edgware HA8 4QF
+44 (0)20 8952 8383
© 2020 Business Travel News Ltd.
Organisers of Farnborough 2016 on Friday hailed the show a major success as the five trade days ended with orders and options totalling US$123.9bn – against industry expectations.
FIA’s business tracker recorded a total of 856 aircraft valued at US$93.98bn, 1,407 engines valued at US$22.7bn and other business deals totalling £7.2bn.
The event was opened by outgoing prime minister David Cameron and Virgin Atlantic president Richard Branson with a fly past by the F-35 joint strike fighter flanked by the Red Arrows.
Major commercial aircraft deals over the week included Virgin Atlantic concluding an order for 12 Airbus A350-1000s and Air Asia signing-up for 100 Airbus A380neos (see details in this issue).
A major rainstorm ended things early on the first day, with the main exhibition hall springing a leak and all flying cancelled, but business at the show as a whole was brisk, with visitor numbers averaging around 20,000 a day.
Farnborough International chief executive Shaun Ormrod said: “The extreme weather brought some challenges this week, but didn’t stop exhibitors and visitors doing business.
“The halls were busy all week, which is really encouraging for the supply-chain industry. With these orders adding to the already large backlog, it seems the aerospace industry is going to be busy for years to come.”
All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum
No one has commented yet, why don't you start the ball rolling?