Tuesday, 11 December, 2018

Boeing scores opening win with Farnborough orders

Aviation is soaring Traffic is up fuel prices are under control and rising demand is driving aircraft orders. So what could go wrong? A trade war perhaps Boeing scores opening win with Farnborough orders
Jean Garcia | 18 July, 2018, 15:27

Russian airline Volga Dnepr committed to buying Boeing freighters worth $11.8 billion at list prices, while USA leasing company Air Lease Corp committed to buying as many as 78 Boeing aircraft worth $9.6 billion.

A logo of Qatar Airways is seen at Hamad International Airport in Doha, Qatar June 12, 2017.

In a speech officially opening the 2018 Farnborough International Airshow, she will tell an audience of aviation industry executives and United Kingdom business leaders that she wants to build on Britain's global reputation and make the most of future opportunities.

Boeing noted that "a portion of the order was previously unidentified on Boeing's Orders & Deliveries website".

The Farnborough Airshow is the industry's biggest event in 2018.

Rising oil prices and interest rates, trade tensions and uncertainty over Britain's departure from the European Union all pose a risk to an eight-year boom in civil aviation, which has boosted industry order books and share prices. It alternates with the Paris Airshow and collectively they account for more than a quarter of industry order intake each year.

Organisers warn that aircraft could stop flying if British Prime Minister Theresa May fails to clinch an adequate Brexit deal with Brussels.

"While DHL Express in the past has chiefly been leasing aircraft to operate its global network ... the purchase of fully owned freighter aircraft will improve the cost position of the DHL Express division going forward", DHL said.

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Businesses have been getting increasingly frustrated about the lack of clarity over future trading relations less than nine months before Brexit day on March 29, 2019.

Two weeks ago, Airbus raised its own rolling forecast for industry deliveries by more than seven percent and revamped the way it predicts demand, introducing new plane categories from "Small" to "Extra-Large" and blurring the traditional boundaries between aircraft types.

The project faces competition from a rival European one after France announced in June that it would take a leading role on a new fighter program, saying it would start as a bilateral effort with Germany that could be expanded later.

Goshawk Aviation Limited, the 50/50 joint venture between Hong Kong-based conglomerate NWS Holdings Limited and Chow Tai Fook Enterprises Limited, placed a firm order for 20 A320neo.

This will also be the first appearance for two new partnerships for Airbus and Boeing.

She also announced that a new Aerospace Sector Deal will be created to further support the UK's status as a world leader in aerospace, and announced the launch of the Combat Air Strategy. He said Boeing is looking to build 900 aircraft per year from 2020 onwards.

"There are explanations as to why this wave is now coming".

Airbus announced a mix of orders - some firm, some promised - that would be worth tens of billions of dollars at list prices. "I think this is behind us now".

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