Airshow organisers Farnborough International today confirmed Airbus Group is to sponsor the Farnborough Airshow – the weekend aviation spectacular taking place on Saturday 19th and Sunday 20th July. The aircraft manufacturer’s decision to support the event comes after month of negotiation as the company sought to find the perfect vehicle to support its own rebranding exercise.
Aviation commentators are predicting an end to the global economic slump as aircraft orders continue to accumulate at the Farnborough International Air Show. A resurgent Airbus performed well, recording orders for over 130 aircraft, while rival Boeing secured 103 orders worth $10 billion.
RBS Aviation Capital, the plane leasing subsidiary of the Royal Bank of Scotland, has placed orders with Boeing and Airbus worth £5 billion at the Farnborough Airshow. Many of the narrow-body A320s and 737s will be leased to carriers across Asia, the Middle East and South America.
The tally of plane orders by the close of third day of the Farnborough Airshow has passed the $25 billion mark, as a resurgent commercial aviation sector offset severe cut backs to government defence expenditure.
Boeing and Airbus have picked up a raft of new orders at Farnborough Airshow, in the strongest signal yet that the aviation industry to returning to good health. Boeing is currently leading the way with 130 orders, followed closely by Airbus with 122.
Arch rivals Airbus and Boeing are locked in a battle for orders at this week’s Farnborough Airshow, as the airline industry lifts off again after a two-year slump. Emirates has placed a $9.1bn order for 30 Boeing 777-300ERs, whilst Airbus has also received an order for 51 A320 jets from Air Lease Corporation, worth $4.4bn.