Farnborough Airshow: Day 1 Recap

Aviation is soaring Traffic is up fuel prices are under control and rising demand is driving aircraft orders. So what could go wrong? A trade war perhaps

Beyond the order avalanche, manufacturers, suppliers and airlines use the event to haggle over contracts and float ideas for new planes and ventures. Military chiefs and governments hammer out arms deals and announce defense initiatives.

FARNBOROUGH, England, July 17 (Reuters) - Boeing raised its rolling 20-year industry forecast for passenger and cargo aircraft on Tuesday, as a steady flow of deals on day two of the Farnborough Airshow underscored the industry's resilience to rising global trade tensions. "Our aerospace business thrives on free and open global trade and we're hopeful we're going to find solutions as alternatives to some of the tariff discussions that have been going on". DHL said the first four 777Fs from the order would be delivered in 2019.

This year's sector showpiece event, opening Monday, will be buzzing on the back of rapid changes in the industry, as United States titan Boeing and European arch rival Airbus vie for superiority in the skies. Taiwanese start-up StarLux Airlines said it is buying 12 A350-1000 aircraft and five of the smaller A350-900s in a deal valued at $6bn at list prices that exclude customary discounts.

In the meantime, Airbus bagged a provisional deal with an unidentified customer for 100 single-aisle A320 family jets, worth about $11.5 billion at list prices. The order consists of twelve of the -1000 model and five of the -900 model.

Boeing, which calls itself America's biggest exporter, delivered more than one out of every four jetliners it made past year to customers in China, one of the world's fast-growing aircraft markets.

Boeing recently took control of the commercial business of Brazil's Embraer, while Toulouse-based Airbus bought a majority stake in Canadian peer Bombardier's C Series airliner program.

AirAsia is reportedly in talks with Airbus for a deal worth over $20 billion.

"It's our biggest global show ever", said Gareth Rogers, chief executive of Farnborough worldwide, adding that Chinese participation alone was up 70 percent from 2016.

GOL Airlines has ordered an additional 15 737 MAX 8 planes. The A220 programme got an important vote of confidence from Air Lease founder Steven Udvar-Hazy, who told Bloomberg the A220 is "a more attractive prospect" under Airbus.

The largest manufacturer of jet engines, CFM International, has a message for Airbus and Boeing executives who're mulling a boost in production of their narrow-body jetliners next decade: not so fast.

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