The figure represents an extremely positive note for the global aerospace industry.
Across the course of the five days, orders and commitments were agreed to for more than 1,100 aircraft, with a total value of $152bn. Orders for civil jet engines reached 1,600 units with a total value of $34.5bn, and an additional $14.5bn in service contracts. The orders reflect the buoyancy of the aerospace industry, both in the U.K. and internationally, Ormrod said.
While the overall figure exceeded the $150bn in orders signed at the companion air show in Paris last year, the mix was somewhat different. The orders at the Paris International Air Show represented 1,250 aircraft, about 10 percent more than sold at Farnborough.
|Boeing 787-9 lands at Farnborough|
Overall, more than 100,000 visitors attended the U.K. show, in addition to a strong contingent of government officials. British Prime Minister David Cameron opened the show, and other government figures including several Members of Parliament also attended.
In addition to the firm orders and commitments entered into, organizers pointed to networking opportunities as a definite value-add.
“It’s the networking outside of those deals that are just as important demonstrated by the number of exhibitors that have already rebooked for 2016,” Amanda Stainer, Commercial Director for the show’s organizers, said, “The value of bookings for the 2016 show has increased by a massive 1000% compared to 2014.”
The Farnborough Air Show, which is held during even-numbered years, alternates with the International Paris Air Show held during odd-numbered years. Next year’s gathering, the 51st Paris show, will be held from June 15 – 21 at Le Bourget Airport in the northeastern suburbs of Paris.
Photo courtesy @FIAfarnborough
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