Farnborough Airshow sees a further $51.4B in deals on day two
The aerospace industry’s flagship event, The Farnborough International Airshow, has seen a further $51.4 billion in deals secured on the second day of its Trade Show, July 17, 2018. This tops what was already seen as a strong start on the opening day, July 16, 2018, when the Airshow reaped $46.4 billion in deals.
On the second day of the Trade Show, which is taking place on July 16-20, 2018, orders for more than 530 aircraft were placed, bringing the total value of aircraft ordered at the Airshow so far to $95.5 billion, and the total amount of aircraft ordered to 841.
With the engine and engine service agreements signed on the first day of the show – which amounted to $2.8 billion – this brings the total amount of business done by the close of day two to more than $98 billion. This is $23 billion up on the first two days of the previous Farnborough International Airshow in 2016.
The success was, of course, hailed by the organizers. Amanda Stainer, Commercial Director of the show, said she was “delighted” that “the global aerospace industry use the Farnborough International Airshow as the preeminent platform for doing business and signing major deals.”
Strong political attendance also continued on day two at the show with Nicky Morgan MP, Chair of the Treasury Select Committee, opening a FINN Conference Session.
Some industry analysts have predicted a ‘quieter’ show this year as the industry endures a record order backlog of about 15,000 aircraft spread across all types. The level of success at this year’s event is yet to be seen, as the Trade Show continues for another three days.