WORLD Major deals announced at the 2018 Farnborough International Airshow

WORLD

Major deals announced at the 2018 Farnborough International Airshow

By Qiang Wei | People's Daily app

07:22, July 17, 2018

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The 2018 Farnborough International Airshow launched on Monday. (Photo: Qiang Wei)

Farnborough (People's Daily) - The 2018 Farnborough International Airshow (FIA), which is a famous biennial event for the aerospace industry, began on Monday with exhibitors and visitors from nearly 100 countries – including an improved presence from China.

On the first day of the event, orders were placed for some 311 civil aircrafts - worth $43.6 billion. This figure surpassed the first day total from 2016’s event, which stood at $23 billion. This year, some $2.8 billion of the orders were for engines.

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The 2018 Farnborough International Airshow launched on Monday. (Photo: Qiang Wei)

This year’s show also increased interest from China, as the country increased its presence by 70 percent since the 2016 event. Companies including Commercial Aircraft Corporation of China, Ltd. (COMAC), China Aerospace Science and Industry Corporation (CASIC), and Aviation Industry Corporation of China Ltd. (AVIC) have attracted attention for their participation in the event.

The FIA is widely recognized for its role in connecting the worldwide aerospace market. British Prime Minister Theresa May gave the opening speech at the event, noting the industry’s remarkable opportunities for improving daily life.

“This is an incredibly exciting time for aerospace,” May said. “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 called the event a major opportunity for connecting aerospace industry leaders.

“The Farnborough International Airshow connects an industry worth $350 billion,” Rogers said. “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.”

This year’s event will run through July 22.


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