Farnborough Show Yields Record Air Transport Orders
The sun shone on the 2014 Farnborough International Airshow and exhibiting airliner manufacturers and engine suppliers certainly took every opportunity to make hay while the sun was shining, logging orders totaling almost $168 billion (according to AIN estimates). Airbus, which launched its new A330neo model, led the way with orders and commitments collectively valued at just over $75 billion, but Boeing also cashed in with about $40 billion on announced new business, including more orders for its just-certified 787-9 Dreamliner, which made its international debut at the event.
Among engine suppliers GE Aviation and its CFM International joint venture with Snecma were the most prolific in breaking down the value of orders and support contracts signed at Farnborough, reporting respective totals of $14.6 billion and $21.4 billion. Rolls-Royce also benefitted from a healthy trawl of new orders, most notably resulting from the sole powerplant status its Trent 7000 turbofan enjoys on the A330neo. International Aero Engines won an order to supply V2500 engines to power the 30 A320ceos ordered by International Airlines Group.
Regional airliner and narrowbody OEMs also had success at the show. Embraer enjoyed a bumper crop of deals worth around $6.7 billion, including multiple orders for its new E-Jet E-2 model. Bombardier was not far behind with around $4.3 billion worth of new business that saw it pass the 500-order mark for both its new CSeries narrowbody and the Q400 twin turboprop. Mitsubishi received a welcome boost for its MRJ-90 program, logging $2.1 billion in new contracts. Sukhoi also announced 15 new orders for its SJ-100, valued at approximately $530 million.