Farnborough Airshow deals fall short of record

The value of orders taken at this year’s
Farnborough International Airshow is already in advance of 2006 but will fall
short of 2008’s record.

Orders for the 2010 show in Hampshire,
which ends later, have so far reached $47bn.

They include big orders for Airbus
planes, whose wings are made in the UK.

The 2006 show saw $46bn worth of orders
taken, while 2008 saw orders reach $88.7bn.

Ian Godden, chairman of aerospace,
defence and security trade organisation ADS, said: “The 2010 show has been
very successful and the figures demonstrate the mood of strong optimism that
there has been around the show this year, which is very encouraging given the
current global economic climate.”

Visitors on the trade days of the
seven-day show, which began on Monday, have totalled more than 120,000 – about
8% down on 2008.

Organisers expect total attendance to
reach the 285,000 mark achieved in 2008.

The first deal announced at the show
involved Emirates buying 30 Boeing 777 aircraft for $9.1bn.

During the show, European airline Flybe
announced a $1.3bn order for 35 planes as part of its growth plans.

The
Exeter-based airline said that the Embraer 175 jets would “underpin”
its expansion into Western Europe.

The
first of the 88-seater planes is scheduled to be delivered in September 2011
with the order set to be completed by March 2017.

And
it has the option to buy a further 105 aircraft, meaning the deal could be
worth up to $5bn.

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