$46.4bn in deals announced on first day of Farnborough Airshow

FINN News Team

  • Posted: 17/07/2018

$46.4bn in deals announced on first day of Farnborough Airshow

Figure for deals double the first day of 2016 show, more than 100 countries attending

$46.4bn in deals announced on first day of Farnborough Airshow

The first day of the Farnborough International Airshow 2018 saw $46.4bn in deals announced - double the $23bn figure achieved on the first day of the 2016 Airshow.

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

The show was officially opened by Prime Minister, Theresa May, 37 weeks before the UK leaves the European Union. Speaking at the Opening Ceremony, Mrs May said: “This is an incredibly exciting time for aerospace. Not only is there huge growth potential, but many of the developments taking place have the potential to transform the way we fly."

Industry worth $350bn

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

"We've seen an incredibly strong start to the Airshow which is the biggest event of this size hosted in the UK, and this year hosts its most international attendance ever, with nearly 100 countries represented."

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. 

More than 100 countries represented

The Farnborough International Airshow continues throughout this week. This year is the most globally-attended with nearly 100 countries represented and an unprecedented number of military and civil commercial delegations.

FINN News Team

  • Posted: 17/07/2018

Join The Discussion