Farnborough show ends with $12bn flurry of orders
Thursday 22 July 2010
Airlines from Asia dominated the third day of the Farnborough Airshow yesterday, as orders for new aircraft topped the $12bn mark.
The taxpayer-backed Royal Bank of Scotland was one of the main movers, disclosing that its Aviation Capital unit was the buyer of $8bn worth of passenger jets, taking 52 Airbus A320 planes, and 43 Boeing 737s. RBS was matched by a range of other buyers, including Qatar Airways, Qantas, Thai Air and Garuda, which all signed off on new orders.
"We've raised our orders forecast twice. We might do it a third time," Boeing's commercial boss Jim Albaugh said, while Airbus's head of sales John Leahy said on Tuesday that his company would surpass its own forecast for up to 300 orders this year as well, possibly hitting 400.
Yesterday's orders took the total at the three event up to the $28bn mark, underscoring a revival in the fortunes of the battered aviation industry.
The International Air Transport Association recently forecast that the global industry would make a small profit of $2.5bn this year, after suffering a huge loss of $9.4bn in 2009.
- 1 If these extraordinarily powerful images of a dead Syrian child washed up on a beach don't change Europe's attitude to refugees, what will?
- 2 Senior British politicians tell David Cameron: When dead children are being washed up on beaches – it's time to act
- 3 Make your voice heard: Sign The Independent's petition to welcome refugees
- 4 Refugee crisis: Aylan's life was full of fear - in death, he is part of 'humanity washed ashore'
- 5 German police forced to ask public to stop bringing donations for refugees arriving by train
Senior British politicians tell David Cameron: When dead children are being washed up on beaches – it's time to act
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
If these extraordinarily powerful images of a dead Syrian child washed up on a beach don't change Europe's attitude to refugees, what will?
Britain to take more refugees as Cameron bows to pressure after more than 100,000 back our campaign
If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
iJobs Money & Business
£20000 - £40000 per annum + OTE + Incentives + Benefits: SThree: Established f...
£20000 - £25000 per annum + OTE 40/45k + INCENTIVES + BENEFITS: SThree: The su...
£14000 - £16000 per annum: Recruitment Genius: This company was established in...
£20000 - £25000 per annum + OTE 40k: SThree: SThree are a global FTSE 250 busi...