Dis­pelling all spec­u­la­tion of a dull show due to the shadow of Brexit, Farn­bor­ough saw at­ten­dance from around 100 coun­tries, 80,000 vis­i­tors and a record Chi­nese pres­ence

SP's Airbuz - - Front Page - BY RO­HIT SRI­VAS­TAVA

CON­SID­ERED AS THE FORE­MOST Airshow of the world, Farn­bor­ough In­ter­na­tional Airshow (FIA) 2018 wit­nessed some crazy bil­lions in terms of air­craft deals. Prob­a­bly for the first time in any Airshow such num­bers were dis­cussed. This is when the global avi­a­tion in­dus­try is com­ing out of re­ces­sion. Go­ing by the num­bers, one can say that in the near fu­ture, avi­a­tion in­dus­try most cer­tainly, is go­ing to fly very high. Ac­cord­ing to the show re­lease, “The Farn­bor­ough In­ter­na­tional Airshow 2018 has seen $192 bil­lion in deals, up by $67.5 bil­lion from the pre­vi­ous edi­tion of the Airshow in 2016.” This in­cludes deals of over 1,400 com­mer­cial air­craft val­ued at $154 bil­lion and around 1,432 aero en­gines for $21.96 bil­lion. The num­bers are stag­ger­ing in­deed!

Call­ing the num­bers as a sign of the con­fi­dence of the aero­space in­dus­try, the Chief Ex­ec­u­tive of Farn­bor­ough In­ter­na­tional Airshow, Gareth Rogers said, “Go­ing into the airshow, the in­dus­try back­log is at a record high, in ex­cess of 14,000 air­craft on the order books. The ma­jor deals an­nounced this week demon­strate how con­fi­dent the aero­space in­dus­try is and the role of Farn­bor­ough In­ter­na­tional Airshow as an eco­nomic barom­e­ter. The Farn­bor­ough In­ter­na­tional Airshow con­tin­ues to be at the epi­cen­tre of the aero­space com­mu­nity and we look for­ward to grow­ing this piv­otal role over the next two years as we head to­wards the Airshow in 2020.”

Dis­pelling all spec­u­la­tion of a dull show due to Brexit, Farn­bor­ough saw at­ten­dance from around 100 coun­tries and a record Chi­nese pres­ence. This edi­tion wit­nessed more than 80,000 vis­i­tors which was nearly ten per cent more than the pre­vi­ous year. “The Del­e­ga­tions Pro­gramme saw ma­jor growth up by 20 per cent with a to­tal of 156 civil and mil­i­tary del­e­ga­tions. Mil­i­tary del­e­ga­tions saw a rise of 30 per cent to 133. Over­all, 831 meet­ings took place with 201 com­pa­nies,” FIA said in a state­ment. “The air­line cus­tomer as­serted it­self with a 163 per cent in­crease in at­ten­dance. Ten air­line CEOs at­tended a round­table event,” it added.

The Airshow was in­au­gu­rated by the British Prime Min­is­ter Theresa May along with Gareth Rogers, Chief Ex­ec­u­tive of Farn­bor­ough In­ter­na­tional. In her in­au­gu­ral speech, the Brirish Prime Min­is­ter said, “This is an in­cred­i­bly ex­cit­ing time for aero­space. Not only is there a huge growth po­ten­tial, but many of the de­vel­op­ments tak­ing place have the po­ten­tial to trans­form the way we fly.”

The Airshow was at­tended by 1500 ex­hibitors from 48 coun­tries and there were 29 coun­try pavil­ions, six more than in 2016. One of the high­lights of the Airshow was the 70 per cent in­crease in Chi­nese pres­ence as com­pared with that in 2016. In terms of dis­play, the vis­i­tors got to see 84 air­craft on static dis­play and 34 on fly­ing dis­play. Out of th­ese dis­plays, Mit­subishi MRJ, Air­bus A330­neo, Air­bus A220, Red Bull Air Race, Embraer E190-E2, Embraer KC-390 and Lock­heed Martin LM-100J made their de­but. THE LOCK­HEED MARTIN LM-100J “FIREHERC”. Dur­ing the Airshow, the US aero­space ma­jor Lock­heed Martin, in­tro­duced the LM-100J “FireHerc,” a civil-cer­ti­fied fire­fight­ing air tanker vari­ant of the medium size air­lifter C-130J Su­per Her­cules used by 18 na­tions across the globe. It is an up­dated ver­sion of the le­gacy L-100 com­mer­cial Her­cules freighter. “With the pres­ence of wild­fires in­creas­ing on a global scale, there is a real-time need to pro­vide more ad­vanced as­sets to pro­tect our peo­ple, com­mu­ni­ties and the en­vi­ron­ment,” said Ge­orge Shultz, Vice Pres­i­dent and Gen­eral Man­ager, Air Mo­bil­ity & Mar­itime Mis­sions at Lock­heed Martin. “As a vari­ant of the C-130J Su­per Her­cules, the FireHerc de­liv­ers a pow­er­ful com­bi­na­tion of es­tab­lished per­for­mance ad­van­tages and in­no­va­tive tech­nol­ogy that will truly change the way we fight and de­feat wild­fires.” UNDIS­CLOSED LESSOR COM­MITS TO 80 A320­NEO AIR­CRAFT. Air­bus an­nounced sign­ing of a Mem­o­ran­dum of Un­der­stand­ing (MoU) with a lead­ing global lessor for 80 A320­neo fam­ily air­craft. The agree­ment was com­pleted dur­ing the Farn­bor­ough Airshow 2018. En­gine se­lec­tion for the air­craft will be made at a later date. Fea­tur­ing the widest sin­gle-aisle cabin in the sky, the ef­fi­cient A320­neo fam­ily air­craft in­cor­po­rate the very lat­est tech­nolo­gies in­clud­ing new gen­er­a­tion en­gines and Sharklets, which to­gether de­liver more than 15 per cent sav­ing in fuel con­sump­tion and re­duc­tion in emis­sion of CO2 from day one and 20 per cent by 2020. There will be 50 per cent re­duc­tion in noise lev­els as well. With more than 6,100 or­ders by over 100 cus­tomers, the A320­neo fam­ily of air­lin­ers have cap­tured some 60 per cent of the mar­ket. KUWAIT’S WATANIYA AIR­WAYS TO ADD 25 A320­NEO AIR­CRAFT. Golden Fal­con Avi­a­tion, the ex­clu­sive air­craft provider of Wataniya Air­ways, has con­firmed an order for 25 Air­bus A320­neo fam­ily air­craft. The order fol­lows an ear­lier MoU an­nounced at the Airshow in Dubai last year. The firm order was signed dur­ing the Farn­bor­ough In­ter­na­tional Airshow by Rakan Al-Tuwai­jri, Chief Ex­ec­u­tive Of­fi­cer of Golden Fal­con Avia-


tion and Eric Schulz, Air­bus Chief Com­mer­cial Of­fi­cer. Wataniya Air­ways re­sumed op­er­a­tions in July 2017 and cur­rently op­er­ates a fleet of four A320 fam­ily air­craft serv­ing des­ti­na­tions in the Mid­dle East, Europe, Africa and Asia from its home base in Kuwait. BOE­ING, SPARKCOGNITION JOIN HANDS. Boe­ing and ar­ti­fi­cial in­tel­li­gence (AI) tech­nol­ogy leader SparkCognition an­nounced their col­lab­o­ra­tion to de­liver un­manned air­craft sys­tem traf­fic man­age­ment (UTM) so­lu­tions which may rev­o­lu­tionise air trans­port. They will use ar­ti­fi­cial in­tel­li­gence and blockchain tech­nolo­gies to track un­manned air ve­hi­cles in flight and al­lo­cate traf­fic cor­ri­dors and routes to en­sure safe and se­cure air trans­porta­tion. Through this col­lab­o­ra­tion, they will also pro­vide a stan­dard­ised pro­gram­ming in­ter­face to sup­port pack­age de­liv­ery, in­dus­trial in­spec­tion and other com­mer­cial ap­pli­ca­tions. Boe­ing HorizonX Ven­tures pre­vi­ously in­vested in SparkCognition to sup­port its de­vel­op­ment of a cog­ni­tive, data-driven an­a­lyt­ics plat­form for the safety, se­cu­rity and re­li­a­bil­ity of data tech­nol­ogy. “By tak­ing a holis­tic ap­proach that com­bines Boe­ing’s strength in tech­no­log­i­cal in­no­va­tion with new busi­ness mod­els and non­tra­di­tional part­ner­ships, we are lay­ing the foun­da­tion for the fu­ture com­mer­cial mo­bil­ity ecosys­tem,” said Steve Nord­lund, who will lead Boe­ing NeXt in ad­di­tion to his role as Vice Pres­i­dent of Boe­ing HorizonX. “Es­ti­mated by some an­a­lysts at $3 tril­lion, the ur­ban ae­rial mo­bil­ity op­por­tu­nity will lead to the cre­ation of the largest new mar­ket in our life­times,” said Amir Hu­sain, founder and CEO of SparkCognition. BOE­ING’S MAR­KET FORE­CAST. In its an­nual Com­mer­cial Mar­ket Out­look (CMO) for com­mer­cial air­planes, re­vealed dur­ing the Airshow, Boe­ing in­di­cated that over the next 20 years, it ex­pects ris­ing pas­sen­ger traf­fic and up­com­ing air­plane re­tire­ments to drive the need for 42,730 new jets val­ued at $6.3 tril­lion. The global air­line fleets will also sus­tain grow­ing de­mand for com­mer­cial avi­a­tion ser­vices, lead­ing to a to­tal mar­ket op­por­tu­nity of $15 tril­lion.

The com­pany’s an­nual fore­cast in­clude de­tailed anal­y­sis of the dy­namic avi­a­tion ser­vices mar­ket recog­nised as an in­dus­try bench­mark for global air travel fore­cast­ing. The 2018 CMO projects the to­tal num­ber of air­planes in­creas­ing by 4.1 per cent over the pre­vi­ous fore­cast. “For the first time in years, we are see­ing economies grow­ing in ev­ery re­gion of the world. This syn­chro­nised growth is pro­vid­ing greater stim­u­lus for global air travel. We are see­ing strong traf­fic trends not only in the emerg­ing mar­kets of China and In­dia, but also in the ma­ture mar­kets of Europe and North Amer­ica,” said Randy Tin­seth, Vice Pres­i­dent of Com­mer­cial Mar­ket­ing for The Boe­ing Com­pany. “Along with con­tin­ued traf­fic ex­pan­sion, the data shows a big re­tire­ment wave ap­proach­ing as older air­planes are phased out of the global fleet.”


Ac­cord­ing to fleet data, there are more than 900 air­planes to­day that are over 25 years old. By the mid 2020’s, more than 500 air­planes a year will reach 25 years of age – dou­ble the cur­rent rate – fu­el­ing the re­tire­ment wave. Tin­seth said the data ex­plains why 44 per cent of the new air­planes in­ducted by air­lines will be needed to cover re­place­ment alone, while the rest will sup­port fu­ture growth. EMBRAER, HELVETIC AIR­WAYS SIGN LET­TER OF IN­TENT. Embraer and Zurich-based Helvetic Air­ways signed a Let­ter of In­tent (LoI) for 12 E190-E2 air­lin­ers and pur­chase rights for a fur­ther 12, with con­ver­sion rights to the E195-E2. If ex­e­cuted, the deal will be val­ued at $1.5 bil­lion. The first 12 E190-E2 air­craft will be­gin re­plac­ing Helvetic’s five Fokker 100s and seven E190s, start­ing in late 2019 and com­plet­ing in au­tumn of 2021. The pur­chase op­tions for a fur­ther 12 air­craft (E190-E2 or E195-E2) will en­able Helvetic Air­ways to grow ac­cord­ing to mar­ket op­por­tu­ni­ties and de­mand. KUWAIT’S WATANIYA AIR­WAYS SIGNS A CON­TRACT FOR THE E195-E2. In a deal that will see the Mid­dle East’s first E2 oper­a­tor, Embraer, dur­ing the Airshow, signed a firm order for 10 E195-E2 air­lin­ers with Kuwaiti air­line, Wataniya Air­ways. The con­tract also in­cludes fol­low on order for ten more air­craft. The order has an es­ti­mated value of $1.3 bil­lion at cur­rent list prices, with all the pur­chase rights be­ing con­firmed. The de­liv­er­ies will be­gin in 2020. “It is great to wel­come Wataniya Air­ways to the E-Jets oper­a­tor fam­ily”, said John Slat­tery, Pres­i­dent & CEO, Embraer Com­mer­cial Avi­a­tion. “Wataniya will not only be the first E2 oper­a­tor in the Mid­dle East, but also the world­wide launch cus­tomer of our stag­gered­seat busi­ness class, which will es­tab­lish a new level of com­fort in busi­ness class for cross­over nar­row-body jets.” The air­line will con­fig­ure the E195-E2 in com­fort­able lay­out of 118 seats, with 12 in busi­ness class and 106 in econ­omy class. EMBRAER AND REPUB­LIC AIR­WAYS SIGN LOI. Embraer and Repub­lic Air­ways, the world’s largest E-Jet oper­a­tor, an­nounced sign­ing of an LOI for a firm order of 100 E175, with the right to con­vert to the E175-E2 model and pur­chase rights for an ad­di­tional 100 E175 air­craft. If all pur­chase rights are ex­er­cised, the con­tract would a value of up to $9.3 bil­lion based on cur­rent list prices.

“We are pleased to ex­pand our part­ner­ship with Repub­lic Air­ways as one of our largest and most valu­able cus­tomers,” said John Slat­tery, Pres­i­dent & CEO, Embraer Com­mer­cial Avi­a­tion. “With a re­la­tion­ship span­ning 20 years, we are im­mensely hon­oured to con­tinue be­ing an in­te­gral part of their suc­cess as they ex­pand their fleet with ad­di­tional E175s. Repub­lic Air­ways is a crit­i­cal com­po­nent of Embraer’s his­tory and we are ab­so­lutely


com­mit­ted to pro­vid­ing a prod­uct that ap­peals to their cus­tomers while de­liv­er­ing so­lu­tions that in­crease prof­itabil­ity.” AGREE­MENT BE­TWEEN BOE­ING AND GECAS. Boe­ing and GE Cap­i­tal Avi­a­tion Ser­vices (GECAS) signed an agree­ment for 35 ad­di­tional Boe­ing 737-800 Con­verted Freighters (CF) at the Airshow. The deal, which in­cludes 20 firm or­ders and an op­tion for 15 more, would take the order book of GECAS for Boe­ing 737-800BCF air­craft from 15 to 50 and en­able GECAS to serve the grow­ing ex­press air cargo mar­ket. “This order and fu­ture com­mit­ment with Boe­ing, re­flects the con­fi­dence GECAS has in the Boe­ing 737-800BCF to re­place and grow the nar­row body freighter mar­ket,” said Richard Greener, Se­nior Vice Pres­i­dent and Man­ager GECAS Cargo Air­craft Group. “With the to­tal firm and op­tion air­craft com­mit­ments now at fifty Boe­ing 737-800BCFs, GECAS will com­mit nearly $1.5 bil­lion worth of 737-800s with con­ver­sions to the nar­row body freighter sec­tor,” he added.

The com­mer­cial air­craft leas­ing and fi­nanc­ing arm of Gen­eral Elec­tric is the launch cus­tomer of the new Boe­ing 737-800BCF. It took de­liv­ery of the first con­verted jet in April and leased it to a Swedish cargo car­rier. “The Boe­ing 737-800BCF is a great ex­am­ple of how Boe­ing’s Global Ser­vices busi­ness can ex­tend the life of an air­plane with new tech­nol­ogy and help op­er­a­tors re­duce their op­er­at­ing costs,” said Ihssane Mounir, Se­nior Vice Pres­i­dent of Com­mer­cial Sales and Mar­ket­ing for The Boe­ing Com­pany. “We are de­lighted that GECAS in­tends to com­mit to a big re­peat order for the air­plane. We look for­ward to fi­nal­is­ing this deal and adding to their world-class port­fo­lio.” LEAP EN­GINES FOR AVI­A­TION CAP­I­TAL GROUP. CFM In­ter­na­tional and Avi­a­tion Cap­i­tal Group LLC (ACG) an­nounced the se­lec­tion of LEAP-1A en­gines to power 10 Air­bus A320­neo fam­ily air­craft. ACG has also se­cured the op­tion to pur­chase 18 ad­di­tional LEAP-1A en­gines to power Air­bus A320­neo fam­ily air­craft. This firm en­gine order is val­ued at $300 mil­lion at list prices. “LEAP tech­nol­ogy is de­liv­er­ing some im­pres­sive op­er­at­ing eco­nomics,” said Khanh T. Tran, CEO of ACG. “The en­gines in ser­vice are pro­vid­ing very high daily util­i­sa­tion rate and sig­nif­i­cant fuel burn sav­ings, re­sult­ing in en­hanced value for our air­line cus­tomers.” In ad­di­tion, the two sides also an­nounced an order for LEAP1B en­gines to power 20 ad­di­tional Boe­ing 737 MAX air­craft. CFM val­ues the order at $528 mil­lion at list prices. “We are pleased by what we have seen of the LEAP-1B-pow­ered Boe­ing 737 MAX in com­mer­cial ser­vice,” said Khanh T. Tran, CEO of ACG. “Our cus­tomers like this air­plane and it is prov­ing to be a very good in­vest­ment for ACG.” AIR­BUS A220-300 AIR­CRAFT FOR FU­TURE US AIR­LINE. A new US air­line start-up an­nounced a com­mit­ment for 60 Air­bus A220-300 air­craft with de­liv­er­ies be­gin­ning in 2021. The Mem­o­ran­dum of Un­der­stand­ing was re­vealed at the Farn­bor­ough Air Show. This new air­line is backed up by a group of ex­pe­ri­enced in­vestors led by David Neele­man, founder of JetBlue, in­vestor in TAP in Por­tu­gal and con­trol­ling share­holder in Azul air­lines in Brazil. “Af­ter years of US air­line con­sol­i­da­tion, the con­di­tions are im­prov­ing for a new gen­er­a­tion of US air­lines to emerge, fo­cused on pas­sen­ger ser­vice and sat­is­fac­tion,” said David Neele­man, ma­jor­ity in­vestor in the new ven­ture. “The Air­bus A220 will en­able us to serve thin­ner routes in com­fort with­out com­pro­mis­ing cost, es­pe­cially on longer-range mis­sions. With de­liv­er­ies start­ing in 2021, we will have am­ple time to as­sem­ble a world-class man­age­ment team and an­other win­ning busi­ness model.” “This de­ci­sion by the startup US air­line for the Air­bus A220 as the plat­form on which to launch their new busi­ness model, is a tes­ta­ment to the pas­sen­ger ap­peal and op­er­at­ing eco­nomics of this out­stand­ing air­craft,” said Eric Schulz, Chief Com­mer­cial Of­fi­cer for Air­bus. “This com­mit­ment con­firms the im­por­tant po­si­tion the Air­bus A220 air­craft now oc­cu­pies in our Air­bus sin­gle-aisle port­fo­lio.” MAR­KET FORE­CAST BY AIR­BUS. The new Global Ser­vices Fore­cast by Air­bus pre­dicts a $4.6 tril­lion world­wide mar­ket for com­mer­cial air­craft ser­vices in the pe­riod 2018 to 2037. The new anal­y­sis is based on a three-way mar­ket seg­men­ta­tion, re­spec­tively fo­cus­ing on the air­craft, air­line op­er­a­tion, and pas­sen­ger ex­pe­ri­ence. Air­craft-fo­cused life­cy­cle ser­vices rep­re­sent the largest seg­ment of growth and in­clude main­te­nance, spares pool ac­cess, tool­ing, tech­ni­cal train­ing and sys­tem up­grades which are needed to keep the air­lines air­craft fly­ing. This mar­ket rep­re­sents a cu­mu­la­tive value of $2.2 tril­lion over the 20-year pe­riod – grow­ing from $76 bil­lion per an­num in 2018 to more than $160 bil­lion per an­num by 2037. AIR­BUS AT FARN­BOR­OUGH AIRSHOW 2018. Air­bus an­nounced strong com­mer­cial air­craft busi­ness dur­ing the Farn­bor­ough Airshow 2018, with suc­cesses across its broad prod­uct port­fo­lio – in­clud­ing the new A220 and A330­neo fam­i­lies. Air­bus came into the show with or­ders booked al­ready in 2018 for 177 sin­gle aisle and 84 wide body air­lin­ers, com­ple­mented by a pre-show order for 60 A220-300s. Dur­ing the Airshow, the com­pany won fur­ther new busi­ness for 431 air­craft (93 firm or­ders and 338 MoUs). Th­ese 431 com­mit­ments com­prise 60 A220-300s, 304 Air­bus A320 Fam­ily air­craft, 42 Air­bus A330­neos and 25 Air­bus A350 XWBs. Notably, the com­mit­ment for 42 air­lin­ers of the new Air­bus A330­neo in­cludes both the -800 and -900 mod­els – a strong en­dorse­ment at the Airshow for this fam­ily of air­lin­ers. ALC PLACES ORDER FOR CFM LEAP-1B EN­GINES. Air Lease Cor­po­ra­tion (ALC) has fi­nalised an order for ad­di­tional CFM In­ter­na­tional LEAP-1B en­gines val­ued at $2.3 bil­lion at list prices. Th­ese en­gines are to power 83 Boe­ing 737 MAX air­craft, the deal for which was an­nounced ear­lier on. ALC spe­cialises in pur­chas­ing new com­mer­cial air­craft and leas­ing them to its air­line cus­tomers world­wide through cus­tomised leas­ing and fi­nanc­ing so­lu­tions. “The LEAP-1B is per­form­ing ex­cep­tion­ally well in air­line ser­vices,” said Gaël Méheust, Pres­i­dent and CEO of CFM In­ter­na­tional. “This con­tin­ued vote of con­fi­dence from ALC sig­ni­fies that they recog­nise the real value that the LEAP-1B de­liv­ers. Ten years af­ter we launched this en­gine pro­gramme, we are proud to say that we


met all of our com­mit­ment to our cus­tomers.” In ad­di­tion, ALC has selected CFM In­ter­na­tional’s ad­vanced LEAP-1A en­gine to power 34 pre­vi­ously an­nounced Air­bus A321­neo air­craft in an order val­ued at just over $1.0 bil­lion at list prices. BOE­ING, VIETJET SIGN AGREE­MENT FOR BOE­ING 737MAX AIR­LIN­ERS. Boe­ing and VietJet signed an MoU for an ad­di­tional 100 Boe­ing 737 MAX air­planes. The agree­ment, which in­cludes 80 Boe­ing 737 MAX 10s and 20 Boe­ing 737 MAX 8s, is val­ued at more than $12.7 bil­lion at cur­rent list prices. The Viet­namese low-cost car­rier will be­come the largest Boe­ing 737 MAX 10 cus­tomer in Asia once the deal is com­pleted. VietJet plans to lever­age the added ca­pac­ity of the Boe­ing 737MAX 10 to sat­isfy the surg­ing de­mand on high den­sity do­mes­tic routes as well as on pop­u­lar des­ti­na­tions through­out Asia. BOE­ING’S COM­MIT­MENT FOR 100 BOE­ING 737 MAX AIR­PLANES. Boe­ing reached an agree­ment with an uniden­ti­fied cus­tomer for an ad­di­tional 100 Boe­ing 737 MAX air­planes, the com­pany an­nounced. The com­mit­ment car­ries a list-price value of $11.7 bil­lion and will be re­flected on Boe­ing’s Or­ders and De­liv­er­ies web­site once it is fi­nalised. “We are hon­oured that so many cus­tomers con­tinue to see the un­matched value of the Boe­ing 737 MAX air­plane fam­ily and are com­ing back to place re­peat or­ders. This is a sig­nif­i­cant com­mit­ment that re­flects the strong de­mand for the Boe­ing 737 MAX air­lin­ers and the health of the sin­gle-aisle mar­ket,” said Ihssane Mounir, Se­nior Vice Pres­i­dent of Com­mer­cial Sales & Mar­ket­ing for The Boe­ing Com­pany. REPUB­LIC AIR­LINES OR­DERS 100 CF34-8E-POW­ERED E-JETS. Repub­lic Air­lines or­dered 100 CF34-8E-pow­ered Embraer E170/175 re­gional jets. The en­gines are val­ued at more than $1.4 bil­lion at list prices. “With this order, Repub­lic Air­lines will be the largest oper­a­tor of CF34-8E-pow­ered Embraer E170/175 air­craft with close to 300 air­craft, and we are proud to part­ner with Repub­lic and Embraer on this sig­nif­i­cant mile­stone for all of us,” says Chaker Chahrour, Vice Pres­i­dent and Gen­eral Man­ager of Global Sales & Mar­ket­ing at GE Avi­a­tion. OR­DERS FOR GE AVI­A­TION AND CFM. GE Avi­a­tion and CFM In­ter­na­tional, a 50/50 com­pany of GE and Safran Air­craft En­gines, re­ceived more than $22 bil­lion in or­ders and com­mit­ments for its jet en­gines and ser­vices at Farn­bor­ough Airshow 2018. Or­ders and com­mit­ments for en­gines in­cluded more than 850 LEAP and CFM56 en­gines, 250 CF34 en­gines, close to 100 GE90-115B en­gines and around 50 GEnx en­gines. BOE­ING BAGS OR­DERS AND COM­MIT­MENTS FOR $100 BIL­LION. Boe­ing strength­ened its po­si­tion as the leader of the global aero­space in­dus­try, book­ing his­toric or­ders and show­cas­ing its in­no­va­tion and strat­egy for growth at the Farn­bor­ough In­ter­na­tional Airshow 2018. At the close of the in­dus­try por­tion of the Airshow, Boe­ing an­nounced a to­tal of $98.4 bil­lion in or­ders and com­mit­ments for com­mer­cial air­planes at list prices and $2.1 bil­lion in com­mer­cial and de­fence ser­vices or­ders and agree­ments. Boe­ing marked an out­stand­ing week for order cap­ture in com­mer­cial avi­a­tion, with cus­tomers an­nounc­ing 673 or­ders and com­mit­ments in to­tal, re­flect­ing a con­tin­ued resur­gence in de­mand for freighters and strong order ac­tiv­ity for the Boe­ing 737 MAX and Boe­ing 787 pas­sen­ger air­planes. Boe­ing se­cured 48 or­ders and com­mit­ments for the Boe­ing 777F, five for the Boe­ing 747-8F, re­flect­ing con­tin­ued strength­en­ing in the cargo mar­ket glob­ally. Cus­tomers also con­tin­ued to demon­strate a strong pref­er­ence for Boe­ing’s pas­sen­ger air­plane port­fo­lio, with 52 or­ders for the Boe­ing 787 and 564 for sin­gle-aisle Boe­ing 737 MAX, in­clud­ing a ma­jor com­mit­ment from VietJet for 100 air­planes and strong de­mand for the largest vari­ant of the Boe­ing 737 MAX fam­ily, with 110 or­ders and com­mit­ments for the Boe­ing 737 MAX 10 air­lin­ers.

Theresa May, Prime Min­is­ter of the United King­dom with Tom En­ders, Chief Ex­ec­u­tive Of­fi­cer of Air­bus

(Top) Boe­ing, Vis­tara con­firm agree­ment for up to ten 787 Dream­lin­ers at FIA 2018; (mid­dle) Boe­ing, United Air­lines an­nounce order for four 787 Dream­lin­ers; (above) LEAP-1B ex­clu­sive pow­er­plant for the Boe­ing 737 MAX.

(Top) Wataniya Air­ways con­firmed an order for 25 Air­bus A320­neo fam­ily air­craft; (mid­dle) A startup US air­line pegs for Air­bus A220-300 air­craft; (above) A strik­ing im­age of a shark on the nose of an E190-E2.

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