Aviation Giants Fly Into Farnborough Under Brexit Cloud
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.
Farnborough, United Kingdom, (UrduPoint / Pakistan Point News, app - 14th Jul, 2018 ) :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.
Chicago-headquartered Boeing could signal plans for its new midsize airplane (NMA), but reports suggest this could be derailed by the festering global trade war spearheaded by US President Donald Trump.
The pair will continue their head-to-head dogfight at the biennial Farnborough event locked in a battle for lucrative multi-billion-dollar jet orders.
- London to NY in an hour? - "It's our biggest international show ever," said Gareth Rogers, chief executive of Farnborough International, adding that Chinese participation alone was up 70 percent from 2016.
One key talking point will be the NMA single-aisle commercial jets for long-haul journeys, a sweet spot for plane makers.
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.
Boeing, fresh from striking a deal with Embraer, will issue its global demand outlook on Tuesday.
This year's airshow has been billed by organisers as "the return of supersonic", with several companies seeking to flesh out their tentative plans for the first supersonic passenger aircraft since Concorde took its final flight in 2003.
US company Boom Supersonic will make its debut presence at Farnborough and hopes to make its new-generation jets in the mid-2020s or later, with the aim of slashing journey times in half.
"Our worst case scenario is genuinely -- and it is not alarmist or scare mongering -- that aircraft will not fly," said Farnborough International chairman Paul Everitt, who is also head of aerospace, defence and space trade body ADS.
"Aircraft will not fly because on... March 30, I am sitting at an airport anywhere in the world, and they have got a piece of paper saying that this is not a certified European product. This bit comes from the UK. And this bit isn't certified. So the plane does not fly."He added that EU's European Aviation Safety Agency and Britain's Civil Aviation Authority regulators needed to meet and address the matter.
Airbus, which employs some 15,000 people in Britain, has warned it would reconsider investments if Britain crashed out with no deal.