in Aerospace / Events

FIA2018: A second day of billion dollar deals

Posted 17 July 2018 · Add Comment

Day two of the Farnborough International Airshow (FIA) has seen a further $51.4 billion in deals, with more than 530 aircraft having been ordered today, which brings the total value of aircraft ordered at FIA so far to $95.5 billion.



With Monday’s engine and engine service agreements, this brings the total amount of business done by the close of Tuesday to more than $98 billion. This is $23 billion up on the first two days of the 2016 Farnborough International Airshow.

Amanda Stainer, Farnborough International Commercial Director said: “I am delighted that the global aerospace industry use the Farnborough International Airshow as the preeminent platform for doing business and signing major deals.

“The future starts at Farnborough; our exhibition halls are full of innovation that will shape how we fly, enabling us to go further, faster and with less environmental impact.” 

Strong political attendance continued at the show with Nicky Morgan MP, Chair of the Treasury Select Committee opening a FINN Conference Session.

Speaking about the Government’s Brexit White Paper, Ms Morgan said: “[The White Paper] will require compromises and trade-offs but it is a step in the right direction.” Ms Morgan also referenced the changes of balancing politics with the business agenda, and made the point that all negotiations “go up to the wire”.

 

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