FARNBOROUGH AIRSHOW DEALS SHOW CONFIDENCE IN TRADE

The 2018 Farnborough International Airshow has seen US $192bn in deals, up by $67.5bn on the 2016 Airshow.

• 1,400 commercial aircraft were ordered at the show valued at $154bn
• 1,432 engines were ordered worth $21.96bn

“Going into the show, the industry backlog is at a record high, in excess of 14,000 aircraft on the books. The major deals announced this week demonstrate how confident the aerospace industry is and the role of Farnborough as an economic barometer – Said Farnborough International Chief Executive, Gareth Rogers -. This show brings the global aerospace world together for an intense but important week. Manufacturers, airlines, financiers, military and government representatives; they’re all here. Six months’ worth of meetings can take place in a week, it’s a highly productive place to be. 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 2020 Airshow.”

Coming 37 weeks before Brexit, the show attracted its most global attendance ever with around 100 countries in attendance and record Chinese presence. There was also a rise in trade visitors of nearly ten percent compared to previous years, more than 80,000 visitors passed through the gates.

The Delegations Programme saw major growth up by 20 percent with a total of 156 civil and military delegations; military delegations saw a rise of 30 percent to 133.

The airline customer asserted itself with 163 percent increase in attendance. Ten airline CEOs attended a roundtable event, including Christine Ourmieres-Widener of Flybe and Calin Rovinescu of Air Canada.

As the home of pioneering spirit, the Farnborough International Airshow has always sought to bring innovation to the forefront. Show features this year included:

• INN Sessions: a conference programme with world-class speakers covering topics including a return to supersonic, governance in space, and the intelligent engine
• Aerospace 4.0: an exhibition focussed on the fourth industrial revolution
• Meet the Buyer: a strategic opportunity to gain entry into supply chains saw 831 meetings with 201 companies.

Farnborough International is part of ADS, the trade organisation advancing UK Aerospace, Defence, Security and Space industries. This pioneering team of industry experts delivers world-class, innovative events in a competitive global market. Its Airshows business plans and organises the world-famous Farnborough International Airshow and provides aerospace trade show consultancy services to governments and other trade bodies. As well as event organisers, Farnborough International’s Exhibition and Conference Centre hosts a variety of business events at the venue which comprises a new 20,000sqm permanent facility. Farnborough International headquarters are located at TAG Farnborough Airport.