Airbus and Boeing announced deals worth $4.5bn at current prices at Farnborough International Airshow 2022, with 277 confirmed aircraft orders and a further 81 options.
Embraer and ATR also announced deals, and new partnerships were forged, as professionals gathered from across the sector for the first time since Covid.
Combined, the aircraft orders signified the start of a revival of the aerospace, defence, and space industries.
Inaugural Aerospace Global Forum
The airshow was opened with a virtual message from the Prince of Wales. Elsewhere, the inaugural Aerospace Global Forum showcased the demand for collaboration within the industry.
On Friday, Pioneers of Tomorrow took place, with thousands of young people attending the show to learn more about careers available in the UK aerospace, defence, security and space industries.
Two FINN theatres hosted dozens of sessions on topics as diverse as sustainability and cyber security.
Catalyst for pioneering innovation
Gareth Rogers, CEO of Farnborough International, said: “Farnborough International Airshow has cemented its position as the place to have important conversations about the future of aerospace. As a catalyst for pioneering innovation, we have demonstrated that the industry is setting out clear, ambitious plans and there is a new-found optimism for the future, made possible through strong strategies and collaboration. I look forward to seeing the innovation and pioneering partnerships established at the event between exhibitors and leaders continue to flourish”.
Kevin Craven, CEO of ADS Group, said: “Farnborough International Airshow 2022 has returned bigger and better than before. It’s been fantastic to see increased and renewed confidence in the global aerospace industry as sustained recovery from the pandemic continues.
“Total deals on aircraft made across the show, including firm, options and commitments on aircraft, including business and regional jets, comes to $50.8 bn which is a positive boost for the industry. There is a clear demand for newer, greener and fuel-efficient aircraft alongside increasing market recovery as the sector looks to accelerate progress towards net zero by 2050.
“The Airshow has highlighted numerous opportunities for UK businesses in areas such as sustainability and advanced air mobility. We will work with our members to maximise these opportunities many of which demand innovation and the collaboration between Government and industry both in the UK and abroad.”
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