Farnborough 2010 delivers!
The globally recognised Farnborough International Airshow has come to a close and feedback from manufacturers and airlines is extremely optimistic. Several major airlines such as Emirates and Aeroflot have placed large orders for Boeing and Airbus aircraft respectively, in addition to large orders from leasing companies Air Lease Corporation and GECAS. Engine manufacturer Rolls Royce also won a $650m contract from Aeroflot to supply 24 engines for their new Airbus order. One of Smart’s most valued suppliers, Flybe, placed a significant order for 35 Embraer 175 jets worth $1.3bn to bolster their European network. Notable orders included the following:
* Emirates buy 30 Boeing 777 aircraft in a deal worth $9.1bn
* Airbus receives an order of 51 A320 jets from US group Air Lease Corporation, worth $4.4bn
* GE Capital Aviation Services buys 40 Boeing 737-800’s with a list value of $3bn and 60 Airbus A320’s with a list value of $4.5bn
* Qatar Airways ordered a Challenger 605 and two Global 5000 aircraft from Bombardier in a $122m deal
* Aeroflot places an order for 11 Airbus A330-300s, worth $1.7bn
* Rolls-Royce wins a $650m contract from Aeroflot to supply 24 engines to power their new A330 aircraft
* Flybe announced a $1.3bn order for 35 Embraer 175’s
Possibly one of the most impressive and eagerly awaited aircraft at the show was the Boeing 787 Dreamliner; dubbed ‘the future of aviation’. Designed and built with the aim of improving efficiency for airlines by lowering operating costs and appeasing both environmentalists and regulators, the Dreamliner has already generated significant orders worth almost $150bn.
Although Farnborough 2010 was unable to break the record orders set by the show back in 2008 ($88.7bn), the show this year topped $47bn, an impressive figure which consolidates the view of many industry experts – that the difficult past few years are set to be replaced by an ‘upcycle in the market’ according to Boeing Commercial Airplane’s marketing Chief, Randy Tinseth. Both Boeing and Airbus predict significant industry growth in the next few years, with figures suggesting global aircraft fleets doubling by 2029. Once again, riding the crest of the upturn is Smart Aviation, ensuring that as airlines await delivery of their new aircraft, late orders are covered by the ACMI Team. This is in addition to the work conducted by the Ad-hoc Charter and Business Jet Charter departments who have been busy arranging aircraft charters for corporate clients, sporting organisations and high net-worth individuals.