Commercial aircraft orders to surge in Farnborough amid increased passenger and cargo traffic
London - Commercial aircraft orders surged at the Farnborough International Airshow amid increased passenger and cargo traffic across the globe.
Last week, aircraft manufacturers signed deals worth $192 billion at Farnborough airshow, a jump of more than 50 percent compared to 2016. Boeing finished the show with $98.4 billion in orders and commitments for 673 commercial aircraft. Airbus wrapped up the first airshow of the year with $70 billion for 431 orders and commitments. The orders came mostly from unidentified customers for both Airbus and Boeing.
Boeing saw a resurgence in demand for its freighters 747F and 777F compared to previous years and strong order activity for the 737 MAX and 787 passenger airplanes.
Airbus managed to stave off the crisis from its struggling A330neo program by securing a commitment for 34 more widebodies from the aircraft’s biggest customer, AirAsia Group. But, a rumored AirAsia deal for 100 narrowbody jets never materialized which would have helped close the gap with Boeing.
Airbus also enjoyed the orders for 60 A220, formerly the Bombardier CSeries.
Embraer has ended up as one of the winners of Farnborough International Airshow, receiving a bunch of orders for its both old and new aircraft. The US low-cost Republic Airways announced an order for 100 E175 aircraft with 100 more options also with rights to convert the order to the new E175-E2.
The order from Republic, however, was not the only order announced in Farnborough for Embraer. In the first two days of the show, The Brazilian manufacturer has received 176 firm orders plus 124 options for its E-Jet series.
Embraer has proven to be a profitable business partner for Boeing as Bombardier is for Airbus now.