Farnborough AirShow Assures the Market’s Economic Stability
Farnborough AirShow Assures the Market’s Economic Stability

The Farnborough AirShow, one of the world’s most famous events in the field of aviation industry, started yesterday, with the two poles of aircraft manufacturing, Boeing and Airbus, fighting for airplane orders and leasing companies.

Boeing Co. is working on offers with Emirates Airlines, for 30 777s, and Norwegian Air, for 15 737s, but according to Jim Albaugh, the Chief Executive of Boeing's Commercial Airplanes, the “significant numbers” would not be announced during the event, but would be released within a couple of days.

On the other hand, Airbus has received a large order from Air Lease Corp, of 51 units of A320 series Airbus passenger aircrafts, and another $8 million order from GE for 60 airplanes.

Although, not cut throat yet, the Farnborough AirShow is witnessing some challenges between the leading manufacturers and the small rising aircraft manufacturers, in Canada. Bombardier Incorporation is fighting with its narrow-body C-Series model against Boeing’s 737’s model, which has the whole market’s approval.

Regarding the economic crisis shaking the aviation business, Mr. Albaugh revealed that he is sure the market is recovering, adding, “The market is clearly coming back and I feel very confident about how we are positioned to regain and retain leadership in this business".

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