Farnborough 2016 overview: Airbus beats Boeing by $8bn

Event Farnborough International Airshow
Organiser Farnborough International
Event Date 11.07.2016
Press Release Date 18.07.2016

While the Farnborough Air Show ended Sunday, most of its contracts had already been signed and the last portion of the event was be dedicated for public attendance. The show was a financial success with total orders valued well over $100 billion. The largest portion of contracts was made by two aircraft manufacturing giants: Airbus has totaled $35bn of contracts, while Boeing signed orders for $27 bn.

Airbus A320 Family took the lion’s share of company’ orders with 269 aircraft worth $31bn. European plane manufacturer’s number one customer was Malaysia’s low-cost carrier AirAsia, which ordered 100 A321neos, valued at $11.5 bn. Indian budget airline Go Air committed to 72 A320neo airliners for $7 bn, doubling its current A320neo order to 144.

“Our orders this week at Farnborough confirm a buoyant industry in which we have once again surpassed our competitor. In addition, airlines upsizing to the A321neo shows that this aircraft is the undisputed ‘middle-of-the-market’ champion,” said John Leahy, Airbus’ Chief Operating Officer, Customers.

US-based Boeing announced orders and commitments for 182 Boeing commercial airplanes, valued at $26.8bn at list prices. Most customers for Boeing came from China, with $4.1bn deal with China’s Donghai Airlines for 25 737 MAXs and five 787-9 Dreamliners. Xiamen Airlines committed to purchasing 30 737 MAX 200s for $3.4bn. An unnamed Chinese carrier ordered a mix of 737 MAX and 737 NGS for $3.3bn.

“Throughout the show, we demonstrated and discussed our innovative and cost effective products and services and the tremendous value they provide our commercial and defense customers,” said Boeing Chairman, President, and CEO Dennis Muilenburg.

Brazilian plane maker Embraer had a $1.5bn success at Farnborough, mainly with a debut for its upcoming E190-E2. The plane is scheduled to begin service in 2019, and took the skies for the first time six months ahead of schedule, thus beeing able to make its debut at the air show. Israel’s Arkia announced a letter of intent for six E195-E2s  for $650 m. while Indonesia’s Kalstar Aviation ordered 10 jets for $580m.

Embraer and Boeing have signed a collaboration agreement to jointly market and support the KC-390, a multi-mission mobility, and aerial refueling aircraft.

For Canada’s Bombardier’s this year’s air show was rather quiet. The company announced only one purchase agreement – Canadian Porter Airlines acquired 3 Q400 turboprops for $93m. The plane maker also announced that CS300 aircraft was awarded Type Certification by Transport Canada and signed 5 year Smart Parts Program deal with Latvia’s airBaltic.

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