DEFIES INDUSTRY EXPECTATIONS

The Farnborough International Airshow 2016 recorded orders and options to the value of $123.9 billion defying industry expectations

DARK CLOUDS, LITERALLY AS well as metaphorically, were looming large. The United Kingdom had just decided to walk out of the European Union and the ‘Brexit’ referendum was weighing on everyone’s mind. While everyone was discussing the advantages and disadvantages of the move, there was a sudden downpour, and the Farnborough International Airshow had to close early on day one. Was that a dampener? Is ‘Brexit’ going to be a stumbling block? No. It did not appear so, at least for now. The iconic Farnborough International Airshow ( from July 11 to 15, 2016) closed on a high note, despite all the fears. The organisers of the show confirmed that 2016 had recorded orders and options to the value of $123.9 billion defying industry expectations. Farnborough International’s internal order tracker recorded a total of 856 aircraft valued at $93.98 billion, 1,407 engines valued at $22.7 billion and a variety of other business deals totalling £7.2 billion. If that is not good news, nothing is.