Home- Stories -Deals Aplenty on Day One of FIA 2018

Deals Aplenty on Day One of FIA 2018

: Jul 16, 2018 - : 11:40 pm

The first day of Farnborough International Airshow saw US$46.4bn in deals, surpassing the figure achieved on the first day of the previous show in 2016, which stood at US$23bn.
Orders were placed for 311 civil aircraft across the show worth US$43.6bn, an official statement from the organisers says. More than US$2.8bn in engine orders were also announced during the Day 1 of the show.
Going into the show, the commercial aircraft backlog stood at 14,327 – the largest ever.
British Prime Minister, Theresa May, officially opened the Airshow, which comes 37 weeks before the UK leaves the European Union.
Speaking at the Opening Ceremony, May stated: “This is an incredibly exciting time for aerospace. Not only is there huge growth potential, but many of the developments taking place have the potential to transform the way we fly.”
Gareth Rogers, Chief Executive of Farnborough International said: “The Farnborough International Airshow connects an industry worth US$350bn. From the orders announced through to presence of global industry leaders and government representatives from around the world, it is the preeminent showcase for businesses of all size.”
“We’ve seen an incredibly strong start to the Airshow which is the biggest event of this size hosted in the UK, and this year hosts its most international attendance ever with nearly 100 counties represented.”
The Prime Minster was joined by astronaut Tim Peake who was at the Airshow’s Space Zone following the announcement of a vertical launch spaceport in Sutherland, Scotland.

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