The Farnborough International Airshow 2018, has proven to be a flying success, with a sky –rocketing demand. According to its organisers, the 2018 Farnborough International Airshow saw orders worth US $192 billion, which is a rise of US $67.5 billion on the 2016 show.
The Airshow continues to be at the epicentre of the aerospace community –an impressive 1,400 commercial aircraft were ordered at the show, which valued at $154bn, and more than1,432 engines were ordered, worth $21.96bn.
Farnborough International, Chief Executive, Gareth Rogers, said: “Going into the show, the industry backlog is at a record high, in excess of 14,000 aircraft on the books. The major deals announced this week demonstrate how confident the aerospace industry is and the role of Farnborough as an economic barometer.
“This show brings the global aerospace world together for an intense but important week. Manufacturers, airlines, financiers, military and government representatives; they’re all here. Six months’ worth of meetings can take place in a week, it’s a highly productive place to be.
“The Farnborough International Airshow continues to be at the epicentre of the aerospace community and we look forward to growing this pivotal role over the next two years as we head towards the 2020 Airshow.”
The show attracted its most global attendance ever with around 100 countries in attendance and record Chinese presence. There was also a rise in trade visitors of nearly ten per cent compared previous years, more than 80,000 visitors passed through the gates.
The Delegations Programme also saw major growth up by 20 per cent with a total of 156 civil and military delegations; military delegations saw a rise of 30 per cent to 133. Overall, 831 meetings took place with 201 companies, and the airline customer asserted itself with 163 per cent increase in attendance.
As the home of pioneering spirit, the Farnborough International Airshow has always sought to bring innovation to the forefront. Show features this year included:
Finn Sessions: a conference programme with world-class speakers covering topics including a return to supersonic, governance in space, and the intelligent engine
Aerospace 4.0: an exhibition focused on the fourth industrial revolution
This is an exciting time for the aerospace industry. Not only is there huge growth potential, but many of the developments taking place have the potential to transform the way we fly.