Top global plane makers land at the Farnborough airshow in England next week, hoping to pick up speed on demand for passenger jets while charting a path through Brexit and trade war turbulence. Down-payments by DHL Express for the 4.7 billion-dollar order in 2018 are already included in the annual investment forecasts of the company.
Employees are pictured as the first Boeing 737 MAX 7 is unveiled in Renton Thomson Reuters LONDON (Reuters) - Boeing Chief Executive Dennis Muilenburg said on Sunday both the US and Chinese governments understood the importance of aerospace to their economies, despite mounting trade tensions between the two countries.
The quintessentially English atmosphere of the Royal International Air Tattoo, where straw-hatted VIPs watch fighters thunder over picturesque Cotswolds villages, gives way on Monday to the Farnborough Airshow, where the hard-nose business deals in the $800 billion aerospace and defence sector will be done. The deal is worth $586 million at list prices and was previously listed for an unidentified customer on Boeing's website. By working closely together, Government and industry have ensured we remain at the forefront of civil aviation and that our air power is second to none.
Boeing's latest order will double the size of DHL's global 777 fleet, the companies said.
Boeing will want to maintain interest in a potential new mid-market plane, while giving itself until next year to decide whether to launch the new 220-270-seat jet.
Airbus declined to comment. China needs a positive contribution from the aerospace industry to help fulfil its growth ambitions, while Boeing and its suppliers help generate a huge trade surplus as well as manufacturing jobs in the US.
The Chicago-based planemaker now sees 31,360 deliveries in the medium-haul, single-aisle category, the cash cow of the world's top two planemakers and popular with low-priced airlines.
Airbus announced firm orders for 75 new commercial jets and options, memoranda of understanding or letters of intent for another 111 aircraft.
AirFinance Group Limited, a subsidiary of Macquarie Group Limited, place a firm order for 20 A320neos to add to its portfolio of 119 Airbus aircraft. One big thing: A trade war. "By every measure, in every way, our wide-bodies are winning". The cargo operator said the 14 freighters "are capacity neutral" and will be used to replace older aircraft, but are expected increase operational efficiency.
Farnborough, which alternates with the Paris air show, is also a showcase for new technology and ideas, from flying taxis to space flight.
Airbus has however experienced delivery problems with its new fuel-efficient A320neo jets, and has also faced challenges with the A380 superjumbo - the world's largest civilian airliner - and its over-budget military transporter A400M.
Airbus will hope to end uncertainty over AirAsia's support for its A330neo jet after a showdown on prices.