Page 5 - FARNBOROUGH 2022 SHOW REVIEW

COVER STORY

REVIVAL IN SIGHT

THE FARNBOROUGH INTERNATIONAL mism for the future, made possible through strong strategies
AIRSHOW 2022 SIGNALLED A REVIVAL and collaboration.’ Announcements made on the first days of
OF THE GLOBAL AVIATION MARKET the show included the Jet Zero Strategy, the Aerospace Growth
Partnership Destination Net Zero Strategy and new Future
− ATUL CHANDRA Combat Air Strategy, which were aimed at accelerating the
UK’s leading position within the global aerospace arena.
The recently concluded Farnborough International
Airshow 2022 which took place after a gap of The inaugural Aerospace Global Forum showcased the demand
four years was a showcase of the aviation sec- for collaboration within the industry and the wider ecosystem,
tor’s recovery from the unprecedented events providing a panoramic look at the disruptive and existen-
that disrupted the aviation industry, following the tial challenges of the 21st Century and actionable steps to a
COVID-19 pandemic. The airshow also showcased cleaner, more efficient generation of aerospace. The Airshow
the aviation industry’s dramatic shift towards a highlighted numerous opportunities for UK businesses in areas
sustainable future, with sustainability, net-zero and such as sustainability and advanced air mobility, which will be
advanced air mobility emerging as key topics at vital for the nation to maintain its tradition of leadership in the
the event, which took place 18-22 July. The indus- aviation industry.
try’s dedication to driving positive change and
building a more efficient, greener future for the avi- The rapid revival of global air travel and the airline need for
ation industry was on strong display at the show. newer aeroplanes resulted in Boeing and Airbus, between
them announcing $4.5bn worth of deals for their current air-
Gareth Rogers, CEO of Farnborough International, craft models. In total, 277 confirmed orders were placed at the
said: Farnborough International Airshow has show along with options for 81 more aircraft. The lion’s share of
cemented its position as the place to have import- aircraft orders at the show went to Boeing. Kevin Craven, CEO of
ant conversations about the future of aerospace. ADS Group said: “Total deals on aircraft made across the show,
As a catalyst for pioneering innovation, we have including firm, options and commitments on aircraft, including
demonstrated that the industry is setting out clear, business and regional jets, comes to $50.8 bn which is a posi-
ambitious plans and there is a new-found opti- tive boost for the industry. There is a clear demand for newer,

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