Logo of Phnom Penh Post newspaper Phnom Penh Post - Airshow announces $192B in deals in UK

Airshow announces $192B in deals in UK

Content image - Phnom Penh Post
Visitors rest in deckchairs near an Airbus A380 passenger aircraft, operated by HiFly, at the Farnborough Airshow, south west of London, on Thursday. Adrian DENNIS/afp

Airshow announces $192B in deals in UK

England’s Farnborough airshow this week saw deals worth $192 billion (€164 billion), a jump of more than 50 percent compared to 2016, in a sign of “confidence in global trade”, organisers said Saturday.

The biannual air industry gathering recorded more than 1,400 commercial aircraft orders, valued at $154 billion, alongside at least 1,432 deals for engines worth $21.96 billion.

The total is an increase of $67.5 billion on the last airshow two years ago, with the mile-high rivalry between Boeing and Airbus – who made the majority of plane orders – swelling sales.

US aviation giant Boeing announced 676 orders, totalling $92 billion at list prices, as of Thursday, while its European competitor had unveiled 431 orders worth $70 billion.

“The major deals announced this week demonstrate how confident the aerospace industry is and the role of Farnborough as an economic barometer,” said Farnborough International chief executive Gareth Rogers.

The show attracted its most global attendance ever with around 100 countries represented and a record Chinese presence, Farnborough said in a statement.

There was also a near-10 percent rise in trade visitors compared to previous years, with more than 80,000 visitors passing through the gates, it added.

MOST VIEWED

  • Kem Sokha’s daughters slam ‘liar’ Sam Rainsy over ‘smears’

    The daughters of former opposition leader Kem Sokha hit out at Sam Rainsy on Tuesday, accusing the newly nominated “acting president” of the Cambodia National Rescue Party (CNRP) of leading a “smear campaign” against their father and “repeatedly lying to the public”. The Supreme Court-dissolved

  • US Embassy urges reconciliation

    The US has urged Cambodia to restore the independence of the media, drop charges against Kem Sokha and other political prisoners, and end the prohibition of political activity by opposition parties. However, senior government officials see the request, issued by US embassy spokesman Arend C

  • ‘Tolerant’ PM calls for ‘unity’

    In his message on celebrating the 40th anniversary of the Kampuchean United Front for National Salvation, known by its French acronym FUNSK, Prime Minister Hun Sen said for the sake of unity in the Kingdom, he is “tolerant” to those who “acknowledged their mistakes”, and

  • Sam Rainsy named ‘acting president’ in ‘Kem Sokha absence’

    Sam Rainsy was nominated “acting president” of the Cambodia National Rescue Party (CNRP) as the curtain fell on the two-day international conference the former opposition party held in the US over the weekend, a move supporters of the previous leader Kem Sokha blasted as “unacceptable”.