Boeing, Qatar Airways Finalize Order For Five 777 Freighters

UK seeks to allay Brexit fears at Farnborough air show

UK seeks to allay Brexit fears at Farnborough air show

One in four of Boeing's passenger aircraft went to Chinese customers a year ago.

Boeing and Airbus are expected to make several announcements on the first day of the July 16-22 event, as they seek to bolster their already bulging order books.

General Electric Co said it remains unconvinced that demand for Boeing's potential midrange aircraft, nicknamed the 797, will be enough to justify developing a new engine for the jet. It alternates with the Paris Airshow and collectively they account for more than a quarter of industry order intake each year.

"While Trump has said trade wars are 'good and easy to win, ' aviation experts say American companies like Chicago-based Boeing will take the first hit because most of USA aerospace production goes to foreign buyers". "People feel great when you launch, but shareholders don't feel great until you're successful". He said Boeing has deep relationships with China and is engaged in a "very good dialogue" with local customers.

The planemaker unveiled a volley of freight orders in the first two days of the Farnborough show.

Boeing CEO Dennis Muilenburg said on Sunday the performance of global supply chains was always under watch. He said his company is evaluating all options for the turbines and having productive discussions.

"We will take back control of our borders, our laws, and our money". The full scorecard including orders on other aircraft makers is available at Leeham News. Boeing also announced a commitment from DHL for seven options on the 777F freighter.

The agreement was announced at the Farnborough International Airshow now being held in the United Kingdom, a leading industry event that is expected to provide the platform for a number of similar announcements over the course of the coming week.

Boeing's latest order will double the size of DHL's global 777 fleet, the companies said.

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The battle has begun between Boeing (NYSE:BA) and Airbus (OTCPK:EADSY) at the Farnborough Air Show. Sichuan Airlines Corp. will purchase 10 of the widebody planes.

The two giants will add to record orders for benchmark narrowbody jets, whose waiting lists underpin their near-record share prices, while seeking a recovery in sales of bigger jets.

Organisers also warned that aircraft could stop flying if May fails to clinch an adequate Brexit deal with Brussels.

According to Boeing, global air freight demand grew nearly 10% during 2017. Airbus has said reducing the backlog of more than 7,100 planes is among the biggest challenges as production fails to keep pace.

Africa's biggest airline had been looking at Bombardier's C Series aircraft - since taken over by Airbus SE and renamed the A220 - together with Embraer's E195.

Dennis Muilenberg, chief executive of the USA aerospace giant, revealed the outlook upgrade to reporters in London before the sector's Farnborough Air Show starting Monday.

"We have made a decision to suspend the evaluation of the 100-seater regional aircraft acquisition project, since the market size of the selected regional routes is growing faster than we expected", he said.

Boeing trimmed its forecast for the regional jet fleet to 2,320 deliveries.

Airbus saw an A350 order from Taiwanese startup Starlux airlines.

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