Aircraft makers are busy securing multiple plane orders at the Farnborough Airshow in the U.K., one of the biggest events for the aviation world, despite production and delivery delays as well as supply chain issues. The event, which began on Monday and ends on Friday, has seen
191 aircraft orders so far. According to trade organization ADS Group, day 1 of the airshow saw around $50.72B in deals signed.
Snapshot: Boeing (
BA) bagged the most orders (118) as of the second day of the event, including 20 777-9s (yet to be certified)
for Qatar Airways. The airline plans to enter these planes into service in Q1 2026. Korean Air also ordered at least 40 wide-body jetliners from Boeing. Rival Airbus (
OTCPK:EADSF) secured 69 orders, including 20 A350-900s for Japan Airlines and 20 Airbus A330neo planes for Vietjet. Airbus also displayed its A321XLR, the world's longest-range single-aisle plane.
Outlook: Planemakers have been facing supply chain headwinds, while Boeing continues to be the subject of scrutiny, given recent safety mishaps and quality concerns. However, Boeing's management appeared to be more confident on the airshow's first day, forecasting that production will improve in the second half of 2024 and it will end the year consistently producing 38 737 Max planes per month. However, Airbus management cautioned on ongoing plane component constraints.
Other updates: Embraer (ERJ), which did not sell commercial aircraft at the airshow yet, announced several developments for its E-Jet planes, including an automatic takeoff system for the E2 aircraft. GE Aerospace (GE) and Pratt & Whitney also secured orders for aircraft engines at the event.
