Are Farnborough sales on the rise after a 47% drop in 2010?
THE FARNBOROUGH BLOG, 9 July 2012. Sales at the Farnborough airshow are picking up with Boeing seeing orders for over a hundred aircraft. In a supposed down economy, these orders, which total to more than $9 billion at list price, are unusually bright. The success isn't limited to Boeing either, with Bombardier securing more than $1 billion worth of sales, along with Airbus and Embraer picking up sales as well.
Sales at Farnborough on day 1 have already reached more than $11 billion. The last Farnborough airshow, in 2010, saw a total of 835 commercial aircraft sold with a value of $47 billion total in sales. The Farnborough airshow before that, in 2008, saw a total value of $88.7 billion in sales. If sales pick up over the course of the show this Farnborough might be more successful than the 2010 show.
Will this year's air show continue the decline of the 2010 show, or will there be larger deals signed that push numbers back towards 2008's record sales? Be sure to check back as we continue our coverage of the Farnborough airshow!